Tamil Nadu government has cleared projects worth Rs 2,500 crore. These projects are expected to create nearly 4,000 jobs. According to reports, the proposed projects include Rs 500 crore from ITC for its proposed expansion in Coimbatore.
Philips Carbon, a carbon black major and Ather Energy, a electric vehicle maker, will invest Rs 600 crore each in different projects, while an auto component maker is planning to invest Rs 900 crore.
Chief Minister Edappadi K Palaniswami on Tuesday inaugurated a slew of projects worth Rs 248.53 crore in the State Highways Department, through video conferencing facility at the Secretariat. He also laid the foundation stone for building a subway at Chrompet, at an estimated cost of Rs 28.99 crore.
The 22.4 km stretch between Kancheepuram and Vanthavasi on SH 116, and 26.5 km stretch between Sadras and Chengalpattu on SH 58, have been upgraded at a cost of Rs 217.27 crore. “The roads were inaugurated by the Chief Minister, marking the completion of road works,” said an official statement.
Palaniswami has written to heads of two prominent logistic majors and three petrochemical majors, inviting them to invest in the State.
Palaniswami has reached out personally to founder, chairman, president and chief executive officer of FedEx Frederic W Smith and chief executive officer of UPS David P Abney to invest in the State by writing letters to them.
He has also written to three global heads of prominent companies in the petrochemical sector, namely, chairman of Saudi Aramco Amin H Nasser, chairman of Exxon Mobil Corporation Darren Woods and chairman of CPC Corporation JiaRueyOu.