+
MoUs for projects in TN worth Rs 24,248 cr signed
ECONOMY & POLICY

MoUs for projects in TN worth Rs 24,248 cr signed

In a recent development, the Tamil Nadu state signed memorandums of understanding (MoUs) for as many as 24 projects estimating a total amount worth Rs 24,428 crore, a move that is a promising reflection of the state’s ability to attract investments from various companies. The project inaugurations and the foundation stones of these developments have already been laid down. The State government said that these projects are expected to give rise to about 54,218 employment opportunities.

At a function that was presided over by Edapaddi K Palaniswami, Hon’ble Chief Minister of Tamil Nadu, the state government signed 18 memorandums of understanding with different organizations to finalize an investment amount of approximately Rs 19,955 crore. This phase of investment is estimated to create 26,509 job opportunities. For the remaining investment amount of Rs 4503 crore that is expected to generate potential 27,709 jobs, project inaugurations have been executed and the requisite foundation stones laid down.

The signed MoUs include a manufacturing plant at Kanchipuram’s Vedal village that is to be set up by Voltas, an electric two-wheeler manufacturing unit that will be set up by Ola, and a solar module manufacturing unit that will be established by First Solar of the United States, among others.

Also read: Tamil Nadu Cabinet approves projects worth over Rs 200 billion

Image Source

In a recent development, the Tamil Nadu state signed memorandums of understanding (MoUs) for as many as 24 projects estimating a total amount worth Rs 24,428 crore, a move that is a promising reflection of the state’s ability to attract investments from various companies. The project inaugurations and the foundation stones of these developments have already been laid down. The State government said that these projects are expected to give rise to about 54,218 employment opportunities. At a function that was presided over by Edapaddi K Palaniswami, Hon’ble Chief Minister of Tamil Nadu, the state government signed 18 memorandums of understanding with different organizations to finalize an investment amount of approximately Rs 19,955 crore. This phase of investment is estimated to create 26,509 job opportunities. For the remaining investment amount of Rs 4503 crore that is expected to generate potential 27,709 jobs, project inaugurations have been executed and the requisite foundation stones laid down. The signed MoUs include a manufacturing plant at Kanchipuram’s Vedal village that is to be set up by Voltas, an electric two-wheeler manufacturing unit that will be set up by Ola, and a solar module manufacturing unit that will be established by First Solar of the United States, among others. Also read: Tamil Nadu Cabinet approves projects worth over Rs 200 billion Image Source

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?