Tamil Nadu government signs MoUs for Rs 10,000 crore new investments, jobs creation

The Tamil Nadu Government signed eight new Memorandum of Understanding (MoUs) worth Rs 10,399 crore (US$ 1.48 billion).

It is estimated that these projects will create 13,507 jobs across the state in solar cells, data centres and industrial parks, according to an official release.

These MoUs will attract investments in the areas of solar cells and modules manufacturing, agro-tech and iron foundry, among others.

The MoUs were signed in the presence of chief minister Mr K Palaniswami. Out of the eight MoUs, five were signed in the presence of the CM, while three were done through video conferencing.

The release added that the projects will be implemented in Kancheepuram, Chengalpattu, Ranipettai, Coimbatore, Viluppuram and Erode districts.

The project will be monitored by a high-powered committee, chaired by the chief minister, and will accelerate various clearances and establish a Special Investment Promotion Task Force under the chairmanship of the chief secretary.

Industries minister M C Sampath and chief secretary K Shanmugam were present during the signing of the MoUs.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.