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TN government signed 16 MoUs  worth Rs 5,137 crore with companies for employment creation

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TN government signs MoUs with 16 firms for ₹5,137-crore investmentsThe Tamil Nadu(TN) government has signed 16 Memorandum of Understanding (MoUs) worth Rs 5,137 crore to create employment opportunities for over 6,555 people. The MoUs were signed by TN Chief Minister Edappadi K. Palaniswami. The government has signed three tranches of MoUs worth Rs 30,664 crore within 2 months, which will provide employment to over 67,212 persons.

  • Out of 16 MoUs, 6 were signed directly and 10 through virtual link.
  • 7 MoUs have been signed in the technology space. Of these, 6 will come up in Chennai and one in Coimbatore.

A new portal HYPERLINK Launched

The Chief Minister launched a new portal HYPERLINK(https://investingintamilnadu.com/) for the government’s investment promotion agency.

Highlights

i.Adani Enterprises Limited to invest Rs 2,300 crore and provide 1,000 jobs by setting up a data centre at Siruseri

ii.Princeton Digital Group to invest Rs 750 crore and provide 100 jobs at Siruseri

iii.The Super Auto Forge, manufacturer of cold and warm forged steel and aluminium parts will set up a forged steel and aluminium parts manufacturing facility at an investment of Rs 500 crore at SIPCOT Vadakal industrial park in Kancheepuram district and provide about 500 jobs.

Key People:

Industries Minister M.C. Sampath, N. Muruganandam, Principal Secretary, Department of Industries and Neeraj Mittal , MD and CEO, Guidance, Industries Department also participated in the occasion.

Other MoU’s signed by TN govt

i.MoUs for Rs 10,399 crore was signed with eight firms to bring jobs to over 13,507 people on July 20, 2020.

ii.MoUs worth Rs 15,128 crore were signed with 17 companies  to provide employment opportunities to 47,150 people on May 27, 2020.

Recent Related News:

i.UP government signs MoU with industry associations to create 10 Lakh jobs for migrants.

ii.Maharashtra signs 12 MoU’s with domestic and foreign companies for FDI worth over Rs 16,000 crores. It is a part of the Magnetic Maharashtra 2.0 initiative.

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