Videocon to set up Rs 1,500cr TV unit in Tamil Nadu

COIMBATORE: Consumer durables major Videocon is setting up a TV manufacturing unit at Manamadurai in Tamil Nadu with an investment of Rs 1,500 crore.

A memorandum of understanding to this effect would be signed in the presence of Chief Minister M Karunanidhi on August 4 at Chennai, Industries Department sources said.

Similarly, MOUs would be signed on that day for a Rs 1,500 crore tyre manufacturing unit of JK Tyres and an LNG Terminal at Ennore by Indian Oil Corporation, the sources said.