Tamil Nadu government has signed memorandums of understanding (MoU) with 60 companies worth a cumulative investment of Rs 1,25,244 crore. It will generate the potential employment of 74,898 jobs.
The major investment includes a Rs 52,000-crore green hydrogen and ammonia facility by ACME Green Hydrogen in Thoothukudi, a Rs 3,000-crore 4-gigawatt (GW) cell and a 4 GW solar module manufacturing unit by Tata Power, lithium ion Cell unit by Lucas TVS, and Chemicals and ceramic tile manufacturing facility by Aravind Ceramics.
Commenting on social media Tamil Nadu Chief Minister MK Stalin said, “I am very pleased to announce that our government is aiming to make the state a trillion-dollar economy. Due to our continued efforts, our state will be promoted as the best choice for investors in the region.”
“I assure you that Tamil Nadu will be at the forefront of innovation. As a part of this journey, I inaugurated the sixth edition of the investor’s conference “Tamil Nadu-the First Port of Call for Investors,” in Chennai on July 4.”
He further said, “At the event, I signed 60 MoUs with an investment commitment of more than one lakh twenty-five thousand crore rupees, which are expected to create about 75 thousand jobs.”
“In addition to that, Twelve new industrial projects worth nearly 1500 crore rupees with the potential to generate about 7000 jobs were also inaugurated.” CM Stalin added.
The state biotechnology promotion policy-2022 and the state research and development policy-2022 were unveiled by the chief minister during the ‘Tamil Nadu – Investors’ First Port of Call’ Investment Conclave 2022.
