Tamil Nadu signs MoU worth 1.4 trillion

07 Jul 2022 CW Team

By signing MoUs with 60 enterprises, laying foundation stones, and inaugurating new projects, Tamil Nadu has secured investments totaling Rs 1.44 trillion.

It's envisaged that the projects will generate 74,898 jobs. A Rs 52,000 crore green hydrogen and ammonia facility by ACME Green Hydrogen in Thoothukudi, a Rs 3,000 crore 4-gigawatt (GW) cell and 4 GW solar module manufacturing unit by Tata Power, a Rs 3,000 crore lithium ion cell unit by Lucas TVS, and a Rs 2,000 crore chemicals and ceramic tile manufacturing facility by Aravind Ceramics are some of the major investment agreements.

A total of 21 projects with a total investment commitment of Rs 22,252 crore and employment potential for roughly 17,654 people were also officially launched by Chief Minister M K Stalin. This includes an IT and data centre unit by L&T at Rs 3,500 crore, a data centre by Sify Technologies worth Rs 2,500 crore, a data centre by CtrlS worth Rs 1,448 crore, and a garment unit by Jay Jay Mills worth over Rs 500 crore. Of the 60 MoUs that were signed, 53 were facilitation agreements with a potential investment of Rs 65,373 crore and 58,478 job creations.

Images Source: Google Images

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..