The Tamil Nadu government entered into 60 MoUs with investors to attract more than ₹1.25 lakh crore investments that are expected to generate 75,000 jobs. With this ‘single day record’ at the Investors’ Conclave on Monday, the government has registered cumulative investments of ₹2.2 lakh crore since May last year.
The new investments include industrial units that make auto components, electric vehicles, solar power components, lithium cells, green energy and aerospace, besides FinTech and data centres.
Key investors include ACME Green Hydrogen and Chemicals, which is planning to invest ₹52,695 crore for a green ammonia plant at Tuticorin and Tata Power which will invest ₹3,000 crore to make 4GW solar cells.
Also in the pipeline is a module manufacturing unit at Sipcot Gangaikondan in Tirunelveli district.
68% of investments in south Tamil Nadu
2.2 lakh crore investments in TN since DMK govt took over in May 2021
3,000 crore by Tata Power to make 4GW solar cells
2,850 crore lithium ion cell unit of Lucas TVS in Tiruvallur dist in pipeline
Module manufacturing unit to come up at Sipcot Gangaikondan in Tirunelveli district