CHENNAI: The Tamil Nadu government will enter into an Agreement or  MoU with several companies at an investment conclave in Chennai on Tuesday attracting an investment of around Rs 17,000 crore. Accordingly, Tamil Nadu Chief Minister MK Stalin will lay the foundation stone ceremony of nine projects during the conclave. He will also inaugurate five other projects during the function.

According to senior officials in the industries department that is spearheading the conclave, 49 projects would commence in various parts of the state. While foundation stone will be laid for some projects, in others MoU will be signed. The Tamil Nadu Industries Minister Thangam Thenarasu’s statement read as follows:-  "We are on a massive investment drive for the state of Tamil Nadu. Many industrial majors have evinced interest in the state and we are expecting huge investments in the state with around 82,400 jobs being provided." JSW Energy will be signing a Rs 3,000 crore investment agreement with the state government for setting up windmills at Thoothukudi, Tirunelveli and Tiruppur districts of the state.

JSW Energy, Vikram Solar, TCS, Real estate firm CapitaLand, Avary, French company Cryolar, Cheyyar SEZ are some of the firms that will sign the Memorandum of Understanding.The foundation laying of a Rs 150 crore liquid oxygen plant of INOX air products will also be conducted at Hosur on Tuesday.

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