Stalin leaves for Spain to attract foreign investment to Tennessee

Prime Minister MK Stalin left for Spain on Saturday to attend an investor meeting aimed at attracting more foreign investment to the country.

The trip is scheduled to last eight days and he is scheduled to return to Chennai on February 7. Addressing media persons at the Chennai airport, he said the investor meet will be attended by several investors, companies and entrepreneurs.

He said he would educate investors about the state’s infrastructure, human resources and investment scenario and pointed out that Tamil Nadu is the most investment-friendly state in the country. He also said that he would negotiate directly with major companies such as ROCA and Gestamp and investment institutions such as Invest Spain to create income and employment opportunities.

He expressed confidence that this visit will help attract foreign investment from European countries. He recalled that after his previous visits to Singapore, Japan and UAE, Memoranda of Understanding (MoU) for investments worth Rs 7,442 million and 17,000 jobs were signed. Companies in the industry such as Omron and Mitsubishi Motors have already started establishing companies. Lulu Group has started the project in Coimbatore.