Coimbatore: The Tamil Nadu government on Tuesday signed 59 MO0 for projects worth 35,208 cross-sector crore, including the Areakhace and defense, to make 76,795 direct work.
Mous was exchanged before Minister M k Stalin in ‘Tamil Nadu – The first port of’ Conclary ‘investors’ was held at the Codessia Center in Coimbatore.
“That day is not too far for the country to achieve its goal to $ 1 trillion economy,” Stalin said at the event.
“Given the rate of investment and growth, Tamil Nadu will soon become NO 1 in the country,” CM said.
Mous with seven companies in the field of Aerospace and the defense system which requires investment of 485 crores is expected to give encouraging in the defense corridor project in the state.
The New Testament also provides encouragement to the garment, cement and the milk sector and can change TN to become e-Vehicle manufacturing hub for the next few years.
While the TV Motor Company invested 1,200 crores in the EV manufacturing unit in Krishnagiri, a simple Private Limited energy and the Boom Innovative Transport Solutions will invest 1,000 crore each to arrange units in Dharmapuri / Krishbatore and Coimbatore.
Raappee Energy Private Limited will invest 470 crores in other units.
This is the third time ‘Consklave Investment’ has been detained to sign several MoUs, after the DMK came to power in May this year.
In July, 35 attractive mous investments 17,141 crores were signed, followed by MoU for 24 projects worth 2,120 crores in September – both promised to produce thousands of jobs in various sectors.
Stalin said Tamil Nadu has managed to attract this investment despite challenges such as Covid and Monsoon Fury.
This investment shows trust examined by investors on Tamil Nadu.
Stalin also put the foundation stone for 13 projects worth 13,413 crores and launched commercial production of 10 projects set on 3,928 crore expenses.
More than 92,000 people will get work through 82 of these projects, said government sources.
Stalin said investment spread across 22 districts, from Tuticorin in the south, to Kanchepuram in the north and coimbatore in the west, to help young people get their jobs closer to their homes.
The minister’s chairman launched Fintech’s policy for the country and released a handbook about Aerospace and Defense Systems, in addition to launching an enhanced cellular mobile application to help investors track project approval.