Tamil Nadu signs 28 MoUs worth ₹28,053 crore

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Tamil Nadu, on Tuesday, signed 28 MoUs worth ₹28,053 crore for various projects that will create employment for 68,775 persons. These projects were announced earlier, including the ₹4,684-crore Tata Electronics’ project in Krishnagiri to make mechanical enclosures for mobiles phones.The MoUs were signed at an event in which 13 completed projects at a cost of…

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Tamil Nadu, on Tuesday, signed 28 MoUs worth ₹28,053 crore for various projects that will create employment for 68,775 persons. These projects were announced earlier, including the ₹4,684-crore Tata Electronics’ project in Krishnagiri to make mechanical enclosures for mobiles phones.

The MoUs were signed at an event in which 13 completed projects at a cost of ₹3,489 crore were inaugurated and the Industrial Policy 2021 and Tamil Nadu MSME Policy 2021 were released by Chief Minister Edappadi K Palaniswami. He also laid the foundation stone for 10 new industrial parks and estates.

Also read: TN Cabinet clears new industrial policy, over ₹52,000-crore investment plans

Five MoUs were under the Structured Package of Assistance. They are Tata – ₹4,684 crore (employment of 18,250); Sun Edison – ₹1,423 crore (1,907 persons); Pegatron – ₹1,100 crore (14,079 persons); TI India – ₹525 crore (1,813 persons) and BASF – ₹345 crore (235 persons).

The other major projects for which MoUs were signed include ELEST – ₹7,948 crore (8,081 persons); AG&P – ₹2,430 crore (7,000 persons); Netmagic/NTT – ₹1,377 crore (100 persons); Nordex Acciona – ₹1,200 crore (3,000 persons); TVS Tyres – ₹1,000 crore (1,000 persons); Valeo – ₹830 crore (2,400 persons); Grasim – ₹750 crore (300 persons) and Ampere – ₹700 crore (1,459 persons).

Tata Group Chairman N Chandrasekaran speaking virtually at the event said that the Tata Electronics’ project at Krishnagiri for making mechanical enclosures would create significant job opportunities.

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