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Tamil Nadu Government Signed 8 MoUs worth Rs 10,399 crore with Industrial Groups for Employment Creation

TN-govt-signs-MoUs-for-₹10,399-crore-investments-with-industrial-groupsOn July 20, 2020 The Tamil Nadu government signed 8 Memorandums of Understandings (MoUs) worth Rs 10,399 crore with companies to create employment opportunities for over 13,507 people. The MoUs were signed in the presence of Chief Minister Edappadi K. Palaniswami in the Secretariat at Fort St George in Chennai.

  • Out of these 8 projects, MoUs were signed for 5 projects directly and for 3 projects through video display.  
  •  Industry Minister M.C. Sampath, Chief Secretary Shanmugam, senior government officials and representatives of industry among others were also present on the occasion.

Proposed Projects– The proposed projects include the following: production of solar cells and modules, air compressors, ductile iron foundry, industrial parks, cashew nut processing, data centre and a foundry expansion project.

Companies signed MoU:

i.Vikram Solar, to invest in a solar cell and module manufacturing project with an investment of Rs. 5,423 crore at the Indospace Industrial Park in Oragadam, Kanchipuram District  and provide employment to 7,542 persons.

ii.Hiranandani Group’s Yotta Infrastructure to invest Rs 4,000 crore and provide jobs to 2,500 people by setting up an information data center park in Chengalpattu district.

iii.Coimbatore based ELGi Equipments to invest Rs 250 crore in Coimbatore and provide employment to about 600 persons by setting up an air compressor unit.

iv.CGD Satharai Private Limited to invest Rs 250 crore in Walajabad, Kanchipuram district  and provide jobs to around 1,500 persons by setting up an industrial park.

v.NDR Integrated Industrial Park to invest Rs 200 crore in Ranipet district to develop an industrial park. This provides about  500 jobs.

vi.Coimbatore-based Aqua Group to invest  Rs. 200 crore for Aquasub’s ductile iron foundry project in Coimbatore District which will provide employment to about 400 persons.

vii.Coimbatore-based firm, JS Autocast, to invest Rs 40 crore to expand Kudranesala project at Chipkot Perundurai Industrial Park, Erode District, 

viii.GI Agro Tech to invest Rs 36 crore to set up a cashew nut processing unit at Villupuram. This will provide employment to about 465 persons .

About Tamil Nadu:
Governor– Banwarilal Purohit
National Parks(NP)– Gulf of Mannar Marine NP, Guindy NP, Mudumalai NP, Mukurthi NP.

Recent Related News

i.Tamil Nadu government inks 17 investment MoUs worth Rs 15,128 cr with corporates to provide employment opportunities to 47,150 people.

ii.Petroleum Minister, Dharmendra Pradhan & CM Edappadi K.Palaniswami Inaugurates Compressed Bio-Gas(CBG) Plants at Namakkal and CBG Fuel Stations at Pudhuchattiram and Rasipuram over a virtual platform.