7,000 jobs to be created in TN as govt inks pacts with 14 companies

Chennai: The Tamilnadu government has signed 14 MoUs entailing investments of Rs 10,055 crore with potential to generate employment for over 7,000 people.

The projects include fresh and expansion investments in locations including Chennai, Chengalpattu, Kancheepuram, Tirunelveli, Thoothukudi, Tenkasi, Ramanathapuram, Tiruppur and Tiruvannamalai districts.

The State government claims that, of all states, Tamilnadu has attracted the most investments in the first six months of the financial year 2020-21. According to the government, between April-September this year, a total of 42 MoUs were signed for an investment of Rs 31,464 crore.

JSW Renewable Energy Ltd (renewable energy projects investment plan Rs.6,300 crore), Green Base Industrial Parks (logistics park Rs.750 crore), Mantra Data Centres (data centreRs.750 crore), Apollo Tyres (tyre production expansion Rs.505 crore), TPI Composites (wind mill blade expansion Rs.300 crore), Li Energy (electric vehicle battery packs Rs.300 crore), LS Automotive (Rs.250 crore), Britannia (Rs.250 crore), Aosheng Hitech Ltd ( carbon fibre plates Rs.200 crore), INOX Air Products (liquid oxygen Rs.150 crore), Hyundai Wia (auto components Rs.109 crore), Grinn Tech Motors (battery manufacturing Rs.90 crore), Counter Measures (small arms, explosive Rs.51 crore) and Vans Chemistry (e-waste recycling facility Rs.50 crore) are the companies that signed the MoUs on Monday in the presence of Chief Minister Edappadi K Palaniswami.


NT Bureau