The companies which signed the MoUs include a Rs 1,000 crore investment from Videocon Groups Unity Appliances Ltd in electronic consumer durables sector, Rs 600 crore investment from KPR Mills Ltd in textile sector, Rs 594 crore vaccine manufacturing unit by HLL Biotech Ltd, Rs 500 crore investment by Tapp Semi Conductor Pvt Ltd, Rs 350 crore investment in home appliances sector by BSH Household Appliances Manufacturers Pvt Ltd, a joint venture of Bosch and Seimens, over a period of three to five years.
The MoUs were signed in Chennai today in the presence of Tamil Nadu Chief Minister J Jayalalithaa, who also released new Tamil Nadu Industrial Policy 2014, Tamil Nadu Automobile & Auto Components Policy 2014, Tamil Nadu Biotechnology Policy 2014 and Tamil Nadu Vision 2023 - Phase II.
The Phase II of the Vision document includes profile of 217 infrastructure projects in six major sectors - energy, transport, industrial and commercial infrastructure, urban infrastructure and services, agriculture and human development.
The Industrial Policy is focusing on infrastructure, skill development and development of southern districts, which are changes from the previous policies, said officials.
ALSO READ: TN targets 5% GDP growth in 2013-14
ALSO READ: Proposals worth Rs 15,982 cr did not take off in TN: Jayalaithaa
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