TN boost to industrial dev, gets 49 projects, Rs 28,508 cr investments

Chennai : In a major boost to industrial development, Tamil Nadu today attracted 49 projects, involving a total investment of Rs 28,508 crores, offering 83,482 jobs.

At the investment conclave attended by Chief Minister M K Stalin, Memoranda of Understanding were signed for 35 new projects entailing a total investment of Rs 17,141 crore and offering more
than 5,000 jobs.

During the event foundation stone were laid for nine projects by Mr Stalin involving a investment of Rs 4,250 crore and offering 21,630 jobs.

This included laying of the foundation for a liquid oxygen production unit by INOX Air products at Hosur, entailing an investment of Rs 150 crore, with a capacity of 200 MT a day.

Mr Stalin also launched of commercial production of five other projects with an investment of Rs 7,117 crore providing 6,798 jobs.

This is be the first in the series of MoUs inked by the two-month-old DMK government.

In all, 49 projects took off in various districts of the State entailing a total investment of Rs 28,508 crore and offering 83,482 jobs in the State.