State govt inks 14 pacts for investments worth Rs 10,055 cr, to generate 7,000 jobs

Among the 14 MOUs, the major investment was from JSW Renewable Energy Ltd, which is expected to invest Rs 6,300 crore, to set up renewable energy plants in five districts — Thoothukudi, Tenkasi, 

Tirunelveli, Ramanathapuram and Tirupur. The investment would likely bring employment to 2,420 persons in all these districts.

After signing the MOUs at the Secretariat here, Chief Minister Edappadi K Palaniswami said, “In the last six months of COVID-19 lockdown, Tamil Nadu had attracted the maximum investments. From April to September this year, 42 MOUs worth Rs 31,46 crore were signed to employ more than 60,000 persons in the State.” The State government had earlier appointed a high-powered committee under the chairmanship of Chief Secretary K Shanmugam to attract investments during COVID-19 lockdown. During the lockdown period alone, the State attracted 14 new investments in addition to the 42 MoUs which were already signed. Out of the 14 new investments, four were signed through video conference and 10 were signed at the Secretariat. Along with JSW Renewable energy, three other companies — Mantra Data Centre, Aosheng Hitech ltd and Vans Chemistry — also signed combined investment to the tune of Rs 1,000 crore. Other major investments signed at the Secretariat include Apollo Tyres for Rs 300 crore, Greenbase Industrial Parks of Hiranandani group for Rs 750 crore, TPI composites for Rs 300 crore, Li-Energy for Rs 300 crore, LS Automotive Pvt ltd for Rs 250 crore, Britannia ltd for Rs 250 crore, Inox Air Products for Rs 150 crore, Hyundai Wia company for Rs 109 crore.