Chennai, Oct 17 – Tamil Nadu’s Guidance, the nodal agency for Investment Promotion, has secured the prestigious United Nations (UN) Award for Excellence in Scaling Up Energy Transition Investments at the 8th World Investment Forum held in Abu Dhabi. The award recognizes Guidance’s innovative approaches in promoting, financing, and establishing partnerships for energy transition investments.
The UN award was presented to Mr. V. Vishnu, Managing Director and CEO of Guidance, by Ms. Rebeca Grynspan, Director-General of UNCTAD. In its citation, the UN acknowledged Guidance’s role in facilitating the First Solar investment project, featuring a fully vertically integrated photovoltaic thin-film solar module manufacturing facility. The project, which received green incentives and higher training incentives for women, is expected to contribute to more sustainable cities in India by providing access to low-cost solar panels.
Tamil Nadu Industries, Investment Promotion, and Commerce Minister Dr. T. R. B. Rajaa expressed pride in the recognition, emphasizing that the award reflects the state government’s visionary and progressive outlook. Under Chief Minister M. K. Stalin’s leadership, Tamil Nadu is rapidly becoming a global hub for renewable energy due to focused efforts in the sector.
The UN Investment Promotion Awards ceremony was attended by Heads of States, Investment Promotion Agencies (IPA) worldwide, and government representatives. The biennial World Investment Forum, organized by UNCTAD, monitors the integration of sustainable development goals by Investment Promotion Agencies and conducts regular surveys. The award acknowledges the work of IPAs in attracting investment for climate action, considering innovative approaches to investment promotion, finance, and partnerships.
Guidance, formerly known as the Tamil Nadu Industrial Guidance and Export Promotion Bureau, is one of India’s first Investment Promotion Agencies. It plays a crucial role in investment promotion and facilitation and is responsible for drafting industrial policies and sector-specific reforms to align with global trends.”
