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TNGIM2024 - Global Investors Meet - Day Two
  • The Global Investors Meet was held in Chennai Nandambakkam for the last 2 days. In this conference, various companies from around the world signed MoUs to invest in various ways such as setting up factories, expanding factories and starting businesses in various places in Tamil Nadu.
  • Chief Minister M. K. Stalin laid the foundation stone for various new projects. Chief Minister M.K.Stalin spoke at today's closing day function saying that a total of 6.64 lakh investments have been attracted in this two-day conference and 26.90 lakh people will get new jobs in Tamil Nadu through direct and indirect means. In which we can see the important investment details about the top 10 groups on the second day today.
  • Tata Group has signed an MoU to invest Rs 70,800 crore in various sectors in Tamil Nadu. This will create new jobs for 3,800 people.
  • Adani Group has signed MoUs to invest Rs 24,500 crore in various sectors. This will create employment for 4,000 people.
  • Central Petroleum Corporation (CPCL) has signed an MoU to set up a new factory at Nagai at an estimated cost of Rs 17,000 crore. This will provide employment to 2,400 people.
  • An MoU has been signed on behalf of Adani Connection Company at an estimated cost of Rs 13,200 crore. This will create employment for 1,000 people.
  • L&T has entered into an MoU at an estimated cost of Rs 3,500 crore to start a new IT company in Chennai. This will create 40,000 new jobs.
  • On behalf of Royal Enfield, an investment of Rs 3000 crore has been signed to set up a factory in Kanchipuram to manufacture new two-wheeler parts. This will create employment for 2000 people.
  • Microsoft has invested Rs 2,740 crore to set up a new data storage facility in Chennai. This has created employment for 167 people.
  • Hinduja Group plans to invest Rs 2500 crore to set up a new factory in Chengalpattu in Tamil Nadu. This has created employment for 300 people.
  • A company called High Glory Footwear has signed a memorandum of understanding to set up a new footwear factory at a cost of 2302 crore rupees in Kallakurichi and today held the foundation stone laying ceremony. Chief Minister M. K. Stalin laid the foundation stone for the new factory. This will provide employment to 2000 people.
  • Stellandis Group has entered into an MoU to invest Rs 2000 crore to set up a plant in Tiruvallur. I am pleased to announce that the total investments finalized through this Global Investors Conference is Rs.6,64,180 crores for India to see. A total of 26,90,657 jobs will be created through these projects in the form of direct employment of 14,54,712 persons and 12,35,945 persons in the form of indirect employment. 
  • These investments have come through diverse sectors such as advanced electronics manufacturing, green energy, non-leather footwear, automobiles, electric vehicles, aerospace and defense, data centers, efficiency centers and IT services.
Supreme Court Verdict in Bilkhiz Banu Case
  • During the 2002 Gujarat riots, Bilgis Bhanu, who was 5 months pregnant, was gang-raped. 14 members of his family, including a 3-year-old child, were killed. 11 accused in this case were sentenced to life imprisonment. 
  • The convicts sentenced to life imprisonment were released by the Gujarat BJP government on August 15, 2022. Bilkeez Banu approached the Supreme Court challenging the early release of the convicts. Many also filed public interest litigations seeking annulment of their release.
  • In the affidavit filed by the Gujarat government, it has been stated that 'the behavior of 11 convicts is good and they have been released on the basis of good behaviour'. The Supreme Court deferred judgment on various petitions filed against the release of the convicts.
  • In this context, the Supreme Court today gave its verdict on the petitions filed against the Gujarat government's decision to grant early release to 11 prisoners who were serving life sentences for the gang rape of Bilgis Bhanu and the crimes committed during the 2002 riots.
  • In the Bilkees Banu case, though the crime was committed in a state, the case was tried in Maharashtra. Therefore, while releasing the convicts before the term of their sentence, the concerned state should consult the state where the case has taken place. 
  • The Gujarat government has no power to grant relief in the case of Bilgis Banu convicts. Victims' rights are very important, women's respect is important, women are respected. The decision of the Gujarat government to acquit the convicts in the Bilkees Banu case is annulled', the Supreme Court said in its verdict. The Supreme Court also ordered that the released convicts should surrender before the jail authorities within two weeks.
Sheikh Hasina becomes the Prime Minister of Bangladesh for the 5th time
  • As the opposition parties boycotted the parliamentary elections in Bangladesh, voting was held under tight security. The Awami League party led by Sheikh Hasina has won a landslide victory in this election in Bangladesh. With this, Sheikh Hasina will be sworn in as the Prime Minister of Bangladesh for the 5th time.
  • It is noteworthy that the main opposition party has won only 20 seats in this election. Various development projects are being implemented between Bangladesh and India under Sheikh Hasina's regime and it is expected that Sheikh Hasina's victory will have a positive impact on Bangladesh and India.

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