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TN Govt signs MoU with 17 companies

Chief Minister Edappadi K Palaniswami on Wednesday signed 17 Memorandum of Understanding (MoU) set to bring in investments worth ₹15,128 crores which is likely to generate 47,150 jobs.

Here are the details:

1) Commercial vehicle maker Daimler India (investment Rs 2,277 crore, 400 jobs);

2) Japanese semi-conductor chips maker Polymatech Electronics (Rs 900 crore, 600 jobs);

3) Shoe making joint venture between Taiwan’s Chung Jye Company

4) Limited and Aston Shoes Pvt Ltd (Rs 350 crore, 25,000 jobs);

5) Australia’s Lai Investment Manager Private Limited (Rs 400 crore, 5,850 jobs) to promote an industrial park

6) South Korea’s Mando Automotive India Private Limited to set up a casting facility (Rs 150 crore, 250 jobs);

7) Netherlands’ auto component maker Dinex (Rs 100 crore, 300 jobs);

8) Indo-UK joint venture Chennai Power Generation Ltd 750 MW plant powered by natural gas (Rs 3,000 crore, 3,000 jobs);

9) French company IGL India Transplantation Solutions Pvt Ltd (Rs 18 crore, 30 jobs);

10) French company Vivid Solaire Energy Private Limited to expand wind power capacity (Rs 2,000 crore, 600 jobs);

11) US based HDCI Data Centre Holdings Chennai LLP (Rs 2,800 crore, 200 jobs);

12) Singapore’s ST Tele Media (Rs 1,500 crore, 200 jobs);

13) German windmill component maker Baettr (Rs 210 crore, 320 jobs);

14) China’s electric vehicle maker BYD India Private Limited (Rs 50 crore, 130 jobs);

15) Taiwan’s TJR Precision Technology Company Limited (Rs 46 crore, 100 jobs);

16) Japanese sealing material maker Pillar Industries India Pvt Limited (Rs 15 crore, 20 jobs)

17) US based Lincoln Electric research and development centre (Rs 12 crore, 200 jobs)

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