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Tata Sons Chairman N Chandrasekaran on Wednesday met Tamil Nadu Chief Minister MK Stalin to discuss the company’s investment plans in the State.
The State government released a formal picture of the meeting, but there was no information on the topic of discussion.
The meeting was about the company’s investment plans, a senior State government official said without providing details.
Since the start of the year, Tata group companies have been active in new investment in Tamil Nadu.
On January 29, the Tamil Nadu Cabinet approved Tata Electronics’ ₹5,763 crore (creating 18,250 jobs) project in Krishnagiri district to manufacture mobile phone components ( BusinessLine was the first to report on the Tata group’s plans on October 28, 2020).
Tata Consultancy Services is expanding its presence in Chennai by setting up two new centres in Sipcot, Siruseri. The centres will have a potential to generate 35,000 jobs. It also laid the foundation stone for Phase II of Centre 1 at the Investment Conclave 2021 with an investment worth ₹876 crore. It also signed a facilitation MoU for Centre 2 (Phase III) with Guidance, Industries Department, with an investment of ₹900 crore at the Conclave organised by Guidance, Industries Department.
More recently, on September 27, Tata Projects Ltd secured an order of around ₹2,100 crore for Phase 1 of Chennai Peripheral Ring Road Project (Northern Port Access Road) connecting strategically important Ennore Port in North Chennai with Thatchur on AH-45.
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