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

16 Dec 2020 Editorial Team

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

Resources

29 May 2026

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..