Wednesday, May 27, 2020

Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

Tamil Nadu has marked 17 notice of understandings (MOUs) worth Rs 15,128 crore to create 47,150 employments in the state.
Daimler India, Salcomp and different organizations would put over Rs 15,000 crore in Tamil Nadu.
Daimler India Commercial Vehicle would contribute Rs 2,277 crore and create 400 employments.
The proposed venture will be towards organization's proposed brownfield extension at organization's Oragadam office close to Chennai.
Other significant auto task will be by BYD India. The organization will contribute Rs 50 crore to produce electric vehicles. The proposed office will come at Sriperumbudur and will create employments for 130 individuals.
Mahindra Origins will contribute Rs 46 crore.
Finland-based Salcomp has marked MoU to contribute Rs 1,300 crore, which will make 10,000 occupations. The organization has obtained significant segment of Nokia's office at Sriperumbudur, close to Chennai, which was shut because of personal duty contest. In 2019, the organization had marked a MoU worth Rs 500 crore with the Tamil Nadu Government.
Japan-based Polymatech Electronics will contribute Rs 900 crore to make semiconductor chips.
Chennai Power Generation Ltd, an India-UK co-activity, will contribute around Rs 3,000 crore to set up a 750 uber watt (MW) power plant, which will be founded on sustainable power source.
Taiwan-based Chung Jye Company alongside Aston Shoes Pvt Ltd will contribute around Rs 350 crore which would create 25,000 employments to manufacure footwears.
Lai Investment Manager Pvt Ltd (Logos) would contribute Rs 400 crore to set up a modern park in Kanchipuram region.

Other than the abovementioned, the State Government marked MoUs for different sustainable power source ventures.

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