Tamil Nadu Chief Minister Edappadi K Palaniswami signed 14 Memorandums of Understanding (MoUs) for different projects on Monday, that is expected to create over 7,000 jobs people all over the state. These projects are to be implemented in Chennai, Chengalpattu, Kanchipuram, Ramanathapuram, Tenkasi, Thoothukudi, Tirunelveli, Tiruppur, and Tiruvannamalai districts. About ₹10,555 crores are to be invested for these 14 projects.
This comes as the state continues to be ranked top in the first two quarters of the financial year in wooing investments from across the globe. Over 42 MoUs have been signed so far, spanning across several sectors.
While JSW Renewable Energy Project is to be established across districts like Thoothukudi, Tenkasi, Tirunelveli Ramanathapuram and Tirupur districts at an estimated cost of ₹6,300 crores, Chennai set to get a data centre by a Spanish company called Mantra. These two projects by themselves will create job opportunities for close to 3000 people. In addition to this, Apollo Tyres has also proposed to establish an expansion project for their existing tyre manufacturing unit in SIPCOT Oragadam Industrial Park, which will provide job opportunities to more than 300 people. Companies like Hyundai and INOX Air Products, have also proposed similar projects in Kanchipuram and Hosur respectively. Notably, the latter played an important part in manufacturing oxygen cylinders for COVID patients.
Companies like Brittania, TPI Composites, USA, Vans Chemistry, Li-Energy, LS Automotive Pvt Ltd, South Korea, and Grin Tech Motors & Services are the other companies that have signed the MoU.