16 projects launched in Tamil Nadu

Chief Minister of Tamil Nadu Edappadi K Palaniswami established the foundation stone for nine industrial projects totaling Rs 10,062 crore with an employment potential of 8,666. He additionally introduced seven projects with an investment of Rs 1,298 crore with an employment potential of 7,879. The investment agreements for the projects were concluded during the second edition of Global Investors Meet.

The establishment stones were laid for Vikram Solar’s module/cell manufacturing unit in Oragadam (Rs 5,512 crore capable of creating 4,738 jobs); Adani Gas city gas distribution (Rs 2,000 crore, 1,000 jobs); Integrated Chennai Business Park of DP World at Vallur (Rs 1,000 crore, 1,100 jobs); Philips Carbon Black at Thervoy Kandigai at Thiruvallur district (Rs 600 crore, 300 jobs).

Different projects incorporate Phase-II of Kalpathi AGS’ Dindigul Renewable Energy at Vathalagundu in Dindigul district (Rs 300 crore, 500 jobs); Shreevari Energy Systems at Melakkarandayil in Thoothukudi district (Rs 250 crore, 228 jobs); Chennai Equipment’s earth break equipment at Mailam in Villupuram district (Rs 50 crore and 400 jobs); Aquasub Engineering at Kallapalayam in Coimbatore district (Rs 200 crore, 400 jobs); and Hyundai Motors at Irungattukottai (Rs 150 crore).

The projects introduced were: Wheels India in Thiruvallur (Rs 600 crore investment and employment for 1,800 people); Salcomp at Sriperumbudur (Rs 500 crore, 5,600 people); Kalpathi AGS Group-Dindigul Renewable Energy, Phase-I in Dindigul (Rs 70 crore, 150 people); Power Gear in Ranipet (Rs 37 crore, 90 people).

Mudhra Fine Blanc at Irungattukottai (Rs 12.7 crore, 100 people); Nash Industries at Vallam Vadakal (Rs 56.5 crore, 100 people); and BBL Daido’s shell bearing and bushings at Sriperumbudur (Rs 22 crore, 39 people).

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.

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