TN CM flags off investments worth Rs 2515 crore in state

CHENNAI: Tamil Nadu Chief minister Edappadi K Palaniswami today flagged off commercial production of three factories and laid the foundation stones for 13 new projects in state industrial parks and individual establishments, signalling inflow of Rs 2515 crore in committed and realised investments pegged to generate 9304 jobs in the state.

A state release said Palaniswami inaugurated projects related to pump manufacture for waste water management of Indo-German JV EKKI-Homa, electronics manufacturer Syrma Technologies and concrete block maker Renaatus Procon at a total investment of Rs 140 crore to create 3350 jobs.

The Chief minister laid the foundation stones for a variety of manufacturing establishments that included American wind-blade manufacturer for wind energy projects TPI Composites. TPI had earlier said its Chennai factory would supply to Vestas Wind Systems through a multi-year supply agreements. The investments unveiled had a share of developmental projects in the hinterlands too: Mothi Spinners is opening fabric and yarn plants at an investment of Rs 370 crore in Thiruchengode and Goundampalayam in Namakkal, Erode, while SP Apparels is setting up cotton yarn factories in Erode, Salem, and Coimbatore districts. The other projects include Galvano Track, component maker for heavy vehicles, autotmotive components and steel factories.


Thirteen of the 16 projects unveiled on Thursday were first announced at the Tamil Nadu Global Investors Meet 2019, which raked in over Rs 3 lakh crore in investments and promised jobs to 10.5 lakh people.