Jaya launches new projects

Image
Press Trust of India Chennai
Last Updated : Jan 29 2016 | 2:57 PM IST
In a fillip to industrialisation efforts in the state, Tamil Nadu Chief Minster J Jayalalithaa today launched new projects and laid the foundation stone for a slew of ventures, estimated at an overall Rs 10,000 crore which would usher in a combined 24,000-odd job opportunities.
The Chief Minister inaugurated through video-conferencing, Saint-Gobain Research India located at IIT-Madras Research Park, Taramani, here.
Established at a cost of Rs 250 crore, the French firm's research unit would employ about 110 persons, a government release here said.
She also inaugurated through video-conferencing tyre manufacturer MRF Ltd's Rs 1200 crore Expansion-Phase I in Perambalur, a 150 mw solar power plant by Welspun Renewable Energy in Tiruchirappally-Karur districts, expansion of Samsung India Electronics' facility at Sriperumbudur and footwear maker Growthlink Overseas at Tiruvannamalai and Saint-Gobain's glass-making facility at Erode.
The others were 50 mw solar plant of Sun Edison Energy India Limited at Virudunagar district and the manufacturing unit of perfume-maker Takasago International (India)Ltd in Kancheepuram district, the release said.
The newly inaugurated facilities will create 9775 job opportunities and have been established at an overall cost of Rs 3636 crore, it said.
Further, the Chief Minister laid foundation stone for seven projects including expansion efforts of TVS Motors, MRF Ltd, Apollo Tyres, and Saint-Gobain India Ltd.
Jayalalithaa also laid the foundation stone for the manufacturing unit of Lotus Footwear Enterprises Ltd, a food processing facility of ITC and that of Sheng Long Biotech India Pvt Ltd, involved in making aquatic feed.
The aforesaid facilities at an estimated Rs 6418 crore were located at Krishnagiri, Kancheepuram, Vellore,Perambalur, Puthukottaiand Tiruvallore districts and would ensure 14,878 job opportunities, the release said.
The inaugurated plants and those for which foundation stones were laid, would usher in a total 24,653 job opportunities and were estimated at Rs 10,054 crore, it said.
Speaking on the occasion, the Chief Minister offered her congratulations and best wishes for "greater and greater growth and prosperity.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 29 2016 | 2:57 PM IST

Next Story