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 Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..