TN signs 18 MoUs, launches projects worth over Rs 24,000 cr
The Tamil Nadu government on Monday signed Memoranda of Understanding (MoUs) for 18 projects and laid foundation stones, besides inaugurating other projects, for a total investment of Rs 24,458 crore. These projects are likely to create 54,218 jobs, the government said.
Torrent Gas, Foxconn, Voltas and Ola are among the firms that will invest in gas supply, AC manufacturing and electric mobility, among others, according to a press release here.
The 18 MoUs, worth Rs 19,955 crore, were signed at an event presided over by Chief Minister K Palaniswami.
Torrent Gas Chennai Pvt Ltd is planning to establish City Gas Distribution network here and neighbouring Tiruvallur at a proposed investment of Rs 5,000 crore with an employment potential for 5,000 people, it said.
Foxconn would set up a mega industrial housing project at Sipcot Vallam Vadagal, while US-based First Solar will establish a solar module manufacturing facility at a proposed investment of Rs 4,185 crore.
Voltas (AC and commercial refrigeration products facility), Mylan Laboratories (injection manufacturing project) and Ola ElectriC Mobility are among companies that would set up units in different districts of the state.
