+
TN signs 60 MoUs worth Rs 1,250 bn at investment conclave
ECONOMY & POLICY

TN signs 60 MoUs worth Rs 1,250 bn at investment conclave

The Tamil Nadu Government has signed 60 memorandums of understanding (MoUs) to bring in a cumulative investment of Rs 1,250 billion and 74,898 jobs.

At the ‘Tamil Nadu Investors' First Port of Call – Investment’ conclave, 53 facilitation MoUs were signed with an investment of Rs653.30 billion, offering employment opportunities to 58,478 people. The companies that signed the MoUs include Amplus (Petronas)i; Cubic PV and Larsen & Toubro.

In addition, seven MoUs for projects that have been sanctioned with structured packages of incentives were signed with an investment value of Rs 598.71 crore, providing 74,898 jobs. The firms include Lucas TVS, ACME Green Hydrogen and Tata Power.

Chief Minister M K Stalin, at conclave, inaugurated 12 projects with an investment of Rs 14.97 crore employing 7,050 persons. He also laid the foundation stone for 21 companies that brought investment worth Rs 222.52 crore and creating 17,654 jobs.

He also launched the Tamil Nadu Life Sciences Promotion Policy 2022 and Tamil Nadu R&D Policy 2022. To encourage FinTech adoption in the State, the Chief Minister launched the TECXPERIENCE program, a suite of technology services available for free or at a discounted price for a limited period.

Also Read
UP government to introduce a new MSME policy soon


The Tamil Nadu Government has signed 60 memorandums of understanding (MoUs) to bring in a cumulative investment of Rs 1,250 billion and 74,898 jobs. At the ‘Tamil Nadu Investors' First Port of Call – Investment’ conclave, 53 facilitation MoUs were signed with an investment of Rs653.30 billion, offering employment opportunities to 58,478 people. The companies that signed the MoUs include Amplus (Petronas)i; Cubic PV and Larsen & Toubro. In addition, seven MoUs for projects that have been sanctioned with structured packages of incentives were signed with an investment value of Rs 598.71 crore, providing 74,898 jobs. The firms include Lucas TVS, ACME Green Hydrogen and Tata Power. Chief Minister M K Stalin, at conclave, inaugurated 12 projects with an investment of Rs 14.97 crore employing 7,050 persons. He also laid the foundation stone for 21 companies that brought investment worth Rs 222.52 crore and creating 17,654 jobs. He also launched the Tamil Nadu Life Sciences Promotion Policy 2022 and Tamil Nadu R&D Policy 2022. To encourage FinTech adoption in the State, the Chief Minister launched the TECXPERIENCE program, a suite of technology services available for free or at a discounted price for a limited period.Also Read UP government to introduce a new MSME policy soon

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code