City
Epaper

TN govt to sign MoU for Rs 17,000 Cr investment on Tuesday

By IANS | Published: July 20, 2021 10:24 AM

Chennai, July 20 The Tamil Nadu government will enter into a Memorandum of Understanding (MoU) with several companies ...

Open in App

Chennai, July 20 The Tamil Nadu government will enter into a Memorandum of Understanding (MoU) with several companies at an investment conclave in Chennai on Tuesday attracting an investment of around Rs 17,000 crore.

Chief Minister M.K. Stalin will lay the foundation stone ceremony of nine projects during the conclave. He will also inaugurate five other projects during the function.

JSW Energy, Vikram Solar, TCS, Real estate firm CapitaLand, Avary, French company Cryolar, Cheyyar SEZ are some of the firms that will sign the Memorandum of Understanding.

According to senior officials in the industries department that is spearheading the conclave, 49 projects would commence in various parts of the state. While foundation stone will be laid for some projects, in others MoU will be signed.

The Tamil Nadu Industries Minister Thangam Thenarasu told , "We are on a massive investment drive for the state of Tamil Nadu. Many industrial majors have evinced interest in the state and we are expecting huge investments in the state with around 82,400 jobs being provided."

JSW Energy will be signing a Rs 3,000 crore investment agreement with the state government for setting up windmills at Thoothukudi, Tirunelveli and Tiruppur districts of the state.

TCS would set up an IT/ ITES company with an investment of Rs 900 crore while CapitaLand will be investing Rs 1,500 crore for setting up a data centre at Ambattur.

The foundation laying of a Rs 150 crore liquid oxygen plant of INOX air products will also be conducted at Hosur on Tuesday. The plant, according to the industries department, will have a production capacity of 200 MT per day.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Vikram SolarThangam thenarasuTCSJsw EnergyJsw hydro energy ltd.
Open in App

Related Stories

TechnologyNo Work From Home for TCS Employees: 'Last Warning' Says Tata Consultancy Services

BusinessTata Company's Stock Up by 130% in Two Months after Dream Listing

MaharashtraTCS Employees Accused of Malpractice in Talathi Exams, Committee Demands SIT Probe

InternationalBSE Sensex crosses milestone of 66,000 points led by IT heavyweights

InternationalIT heavyweights power Sensex towards 66k mark

Politics Realted Stories

PoliticsExplained: Why PM Modi Is Raising issues like Mangalsutra, Hindu Card and Pakistan in This Election

PoliticsWill BJP and Uddhav Thackeray ever come together again? PM Narendra Modi has this to say

PoliticsPM Modi Reacts to Potential NCP (SP) Merger with Congress: Is Sharad Pawar Nervous about Baramati?

PoliticsThe Real NCP and Shiv Sena is With the BJP: PM Modi Takes Swipe at Sharad Pawar and Uddhav Thackeray Over Real Party Claim

PoliticsLok Sabha Election 2024: People of Maharashtra Have Been Greatly Supportive of the NDA, Says Prime Minister Narendra Modi