Cabinet approves Rs.441 billion investments from 15 projects
POWER & RENEWABLE ENERGY

Cabinet approves Rs.441 billion investments from 15 projects

The State Cabinet has approved 15 new private investments worth Rs.441 billion, said Thangam Thennarasu, Finance Minister, Tamil Nadu. These investments are expected to provide employment opportunities for 24,700 people. Announcing the decisions taken by the Cabinet, the minister said that the ...

The State Cabinet has approved 15 new private investments worth Rs.441 billion, said Thangam Thennarasu, Finance Minister, Tamil Nadu. These investments are expected to provide employment opportunities for 24,700 people. Announcing the decisions taken by the Cabinet, the minister said that the new investments would be in vehicle manufacturing, food processing, electronics goods manufacturing, renewable energy and the battery manufacturing sectors. The important investments among them are Sembcorp's investment of Rs.213 billion in Thoothukudi district, which will provide jobs for 1,114 people and Motherson Electronics investment of Rs.22 billion in Kancheepuram district, providing jobs for 2,600 people. In Erode district, Milky Mist is investing Rs.17.77 billion in the food processing sector, providing jobs for 2,025 people.

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