TN receives Rs 2.96 lakh crore investments till date: Govt

Tamil Nadu has attracted fresh investments to the tune of nearly 3 lakh crore from various companies by signing 240 new projects till date, the state government said on Wednesday.

The new investments are expected to generate over 4 lakh new jobs in the state. With a vision of growing Tamil Nadu into a USD 1 trillion economy by 2030, the DMK government, after assuming office on May 7, 2021, has been engaged in taking up new measures to boost industrial activity in the state.

Chief Minister MK Stalin, along with a host of delegates, have been on overseas trips to invite multinational companies to set up shop in the state.

”Till date, this government has attracted Rs 2,96,681 lakh crore investments that will create 4,14,836 new jobs and signed 240 new projects,” an official release here said on Wednesday.

In a bid to further enhance industrial production, an ultra-modern integrated manufacturing facility is being set up by SOL India Pvt Ltd at an outlay of Rs 145 crore, for which Stalin laid the foundation stone on Wednesday.