Investment worth over Rs 32,000 crore to flow in Tamil Nadu
Tamil Nadu is set to get a flow of investment in the coming years. Investment commitments to the tune of Rs 32,554 crore were signed at Tamil Nadu’s first regional investment conclave, TN Rising, at Tuticorin.
41 MoUs were in multiple sectors, including electronics, defence, shipbuilding, and non-leather footwear. Major announcements include:
- Sakthi Group promising Rs 5,000 crore for ammunition and propellant manufacturing in Tuticorin
- April Fiber Resource (RGE) committed Rs 4,953 crore for a man-made fibre unit
- Yeemak & Jeanuvs will invest Rs 3,400 crore to make advanced electronics and defence components
- Kaynes Circuits India would invest Rs 4,995 crore to manufacture advanced electronic components in Tuticorin
- Radha Engineering Works will invest Rs 1,500 crore in ship, allied vessels, and tug component manufacturing in Tuticorin
- Mobius Energy will invest Rs 1,000 crore in solar cell and module manufacturing in Theni
- Prathiksha Green Fuels will put in Rs 1,500 crore for bio-methanol and bio-char manufacturing
- Hwaseung Enterprise will invest Rs 1,720 crore in the non-leather footwear sector
- Michelin Tyres would invest Rs 686 crore in Tiruvallur
- Hyundai Kefico India has allotted Rs 720 crore to make auto electronic control units in the Kancheepuram district
Also Read: Rs 8,000 crore sanctioned by Tamil Nadu government for rural roads development