The Tamil Nadu state Chief minister K Palaniswami has laid the foundation stone for nine industrial projects worth Rs 10,062 crore in the state which will generate 8,666 new jobs. On the same day, he took part in seven companies inauguration those already signed a MoU with the state government. These seven companies commenced commercial production at its facilities today.
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The inauguration and the foundation stone laying functions were done through video-conferencing. The Global Investors Meet in 2019 and the Chief Minister's three nation visit last year attracted these investments of Rs 1,298.20 crore, generating 7,879 new jobs. The companies that commenced the commercial production today are Wheels India Ltd, Salcomp's electronic component manufacturing facility at Nokia SEZ, Sriperumbudur, Dindigul Renewable Energy Pvt Ltd, Power Gear's electric component production facility, Mudhra Fine Blanc auto-component facility.
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The foundation stone laying ceremony happened for Hyundai Motor India's new Rs 150 crore training centre at Irungattukottai, Vikram Solar's Rs 5,512 crore solar module production unit, Adani Gas's Rs 2,000 crore city-gas distribution project, Integrated Chennai Business Park's Rs 1,000 crore logistics park and Shreevari Energy Systems Rs 250 crore project. The Global Investors Meet in 2019 committed investments of Rs 3.50 lakh crore that would create 10.50 lakh jobs in the state by signing MoU with 304 companies. of which 89.47 per cent of the 304 projects are made into action.
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