TN signs MoU with 60 companies with cumulative investment worth Rs 1,25,244

The Tamilnadu government has signed Memorandum of Understandings (MoUs) in the presence of Chief Minister MK Stalin with 60 companies with the cumulative investment worth Rs 1,25,244 crore.

The investments will fetch employment opportunities to 74,898 persons.

The Chief Minister chaired the ‘Investors Conclave’ in which various investment-related initiatives, including signing MoUs, were organised.

Of the 60 MoUs signed in the conclave, 53 are facilitation MOUs and seven were projects that have been sanctioned with structured package of incentives.

The total worth of the 53 MoUs is Rs 65,373 crore and they can generate employment opportunities to 58,478 persons.

The seven MoUs have a total investment of Rs 59,871 crore with employment opportunities for 74,898 persons.

Some of the major companies that are about to invest in the State are Tata Power, Lucas TVS, Aravind ceramics, ACME Green Hydrogen and Chemical pvt ltd, IAMPL, Amplus (Petronas), Chennai based Garuda Aerospace and so on.