Chennai, July 20 (SocialNews.XYZ) Tamil Nadu government on Monday signed eight Memorandums of Understanding (MoU) involving an industrial investment of about Rs 10,339 crore.
In a statement issued here, the government said eight MoU has been signed involving an investment of about Rs 10,399 crore with an employment potential for 13,507 persons.
The proposed projects include production of solar cells and modules, air compressors, ductile iron foundry, industrial parks, cashew nut processing, data centre and a foundry expansion project.
Brief details of the proposed investments are:
-- Vikram Solar will be investing Rs 5,423 crore in a facility to produce solar cells and modules in Orgadam in Kancheepuram district.
-- Hiranandani group's Yotta to set up a data centre in Chengalpattu district at an investment of Rs 4,000 crore.
-- The Coimbatore based Elgi Equipments will investing Rs 250 crore in setting up an air compressor unit.
-- Aquasub to invest Rs 200 crore to set up a ductile iron foundry in Coimbatore.
-- GI Agro Tech to set up a cashew nut processing unit at Villupuram investing Rs 36 crore.
-- JS Auto Cast to expand its foundry facility at Erode district at an outlay of Rs 40 crore.
-- Industrial park projects by CGD Satharai Pvt Ltd (outlay Rs 250 crore) at Kancheepuram district and NDR Infrastructure (outlay Rs 200 crore) at Ranipet.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz