The state government laid out its electronics and semiconductor policy with host of financial incentives for design, assembling and manufacturing companies
TN Semiconductor and Advanced Electronics Policy aims to boost investment in the sector thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Tata Electronics, Apple’s contract manufacturer Pegatron, and Grasim and 25 other firms signed memoranda of understanding (MoUs) worth over Rs 28,053 crore with the Tamil Nadu government on Tuesday. These MoUs would create 68,775 jobs in the state, the government said. The MoUs were signed in the presence of Tamil Nadu Chief Minister E K Palaniswami, who also released the state’s Industrial Policy 2021, MSME Policy 2021, and inaugurated eight projects worth Rs 3,377 crore, which are expected to generate 7,139 jobs. These projects include the French carmaker PCA Automobiles’ Rs 1,250-crore car manufacturing facility and Ather Energy’s Rs 635-crore two-wheeler facility.