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Tamil Nadu Chief Minister Edappadi K Palaniswami on Thursday commissioned three projects and laid the foundation for 13 projects involving a total investment of ₹2,515 crore and potential to create 9,300 jobs.
Of the 13 projects, 10 are part of the MoUs signed during the Global Investors’ Meet (GIM) held earlier this year and will bring in investments of ₹2,244 crore in various sectors. The units will come up in Kancheepuram, Namakkal, Tiruvallur, Salem and Coimbatore and create about 5,300 jobs.
Palaniswami inaugurated the commercial production of three companies — Ekki Homa Pvt Ltd, which manufactures pumps; Syrma Technology Pvt Ltd makeers of electronic parts; and Renaatus Procon Pvt Ltd, which makes building materials — which had invested totally about ₹140 crore in Coimbatore, Chennai and Gangaikondan. These three factories are expected to generate 3,350 jobs.
Further, the Chief Minister laid the foundation stone for three manufacturing units in SIPCOT Industrial Parks at Vellore, Krishnagiri and Tiruvannamalai districts.
The combined investments of these three units will be ₹130 crore and the units will create job opportunities for about 670 people.
The government had announced that at GIM 2019 304 agreements for investment proposals to the tune of ₹3,00,431 crore had been signed.
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