Chennai: In a significant move to boost industrial growth and attract investments, the Tamil Nadu Cabinet, under the leadership of Chief Minister M.K. Stalin, has approved investment projects totaling ₹44,125 crore.
Global Investors’ Meet & New MoUs
During the recent Global Investors’ Meet, several companies signed Memorandums of Understanding (MoUs) to invest in Tamil Nadu. To translate these MoUs into actionable projects, the Cabinet meeting in Chennai, chaired by Chief Minister M.K. Stalin, took crucial decisions.
Finance Minister’s Briefing
Following the meeting, Finance Minister Thangam Thennarasu addressed the media to elaborate on the discussions and decisions made in the Cabinet. He stated, “In today’s Cabinet meeting, we approved 15 new investment projects worth ₹44,125 crore. These investments are expected to create 24,700 new jobs.”
Major Investment Projects
Minister Thennarasu highlighted key projects, noting, “In Thoothukudi, the Sempah company has received approval for a massive investment project worth ₹21,340 crore. Additionally, in Kanchipuram, an investment of ₹2,600 crore has been approved, which will create 2,800 jobs.”
New Facilities for Workers in Sriperumbudur
One of the notable announcements from the meeting was about a new workers’ housing facility. “On the 17th of this month, for the first time in the country, a ₹206 crore dormitory complex will be inaugurated at Vallam Vadagal, Sriperumbudur, providing bed facilities for 18,000 workers,” Minister Thennarasu said.
TN Leading in Green Energy
Continuing his address, the Finance Minister also emphasized Tamil Nadu’s leadership in green energy. “Tamil Nadu stands at the forefront of green energy in the country. This focus will play a major role in the government’s future projects, combining industrial development with environmental sustainability,” he added.
A Crucial Meeting
With Chief Minister Stalin set to embark on an overseas trip soon, this Cabinet meeting was considered highly significant. The approved projects are expected to play a key role in driving Tamil Nadu’s industrial growth.