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| Rs 6,500cr projects to take off in Tamil Nadu this fiscal |
| BS Reporter / Chennai Jul 15, 2009, 00:16 IST |
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Five new projects worth over Rs 6,500 crore are expected to commence in Tamil Nadu during the current financial year, according to deputy chief Minister MK Stalin.
Over the last three years, investments worth Rs 6,148 crore had flown into the state through nine companies. Their total committed investment is around Rs 7,150 crore, he told the state Assembly on Monday. In the last three years, 31 factories had provided 86,562 jobs besides generating indirect employment opportunities for 1,22,130, he added.
The state government, Stalin said, had signed MoUs with 22 companies including Motorola, Dell, Samsung, Caparo, Sanmina, Hyundai, Nokia Siemens, Hansen Drives and Growthlink. These companies have invested Rs 6,148 crore so far, while their total investment commitment is Rs 7,150 crore. Apollo Tyres, Tessolve, ATC Tyres, Daimler and Caterpillar are expected to start their operations this year, while Renault Nissan is scheduled to start its project by 2010, he said.
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