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TN govt to sign MoU for Rs 17,000 Cr investment on Tuesday

TN govt to sign MoU for Rs 17,000 Cr investment on Tuesday ​ By IANS | ​ 5 Views Supply vaccine for June by first week, Stalin urges Centre. Image Source: IANS News Chennai, July 20 : The Tamil Nadu government will enter into a Memorandum of Understanding (MoU) with several companies at an investment conclave in Chennai on Tuesday attracting an investment of around Rs 17,000 crore. Chief Minister M.K. Stalin will lay the foundation stone ceremony of nine projects during the conclave. He will also inaugurate five other projects during the function. JSW Energy, Vikram Solar, TCS, Real estate firm CapitaLand, Avary, French company Cryolar, Cheyyar SEZ are some of the firms that will sign the Memorandum of Understanding.

Tamil Nadu announces new industrial policy, targets Rs 10 trn investments

Tamil Nadu today announced its new Industrial Policy 2021 with an aim to garner investments worth about Rs 10 trillion by 2025. The state s Chief Secretary, Rajeev Ranjan, said the objective of the policy is to attract investments worth Rs trillion and create employment opportunities for two million by 2025. The Policy also aims to raise the contribution of the manufacturing sector to 30 per cent of the State s economy by 2030. Ranjan said Industrial policy 2021 aims to achieve an annual growth rate of 15 per cent in manufacturing. Tamil Nadu also announced MSME Policy 2021, which has set a target to attract new investments worth Rs two trillion in the sector by 2025 and create additional employment opportunities for two million people.

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