Rs 1 lakh crore investments sealed in first 100 days, says TVK govt

CHENNAI: Tamil Nadu has attracted investment commitments of more than Rs 1 lakh crore within the first 100 days of assuming office, with projects worth Rs 1,02,514 crore expected to create 1,21,788 jobs, the State government said at the Vettri Tamil Nadu Investors' Conclave on Thursday.

At the TVK government’s first such conclave since coming to power in May, 87 MoUs were signed in the presence of Chief Minister C Joseph Vijay. The MoUs include investments of Rs 67,452 crore and are expected to generate employment for 1,06,998 people.

The government said that, including the MoUs signed before Thursday's conclave, total investment commitments during the first 100 days stood at Rs 1,02,514 crore, with the projects expected to create 1,21,788 jobs.

The chief minister also laid the foundation stones for eight projects, amounting to a total investment of Rs 4,476 crore and 5,074 jobs. He inaugurated five projects involving investments of Rs 2,676 crore and 1,550 jobs.

He also inaugurated completed projects and 13 new buildings worth Rs 777.74 crore under SIPCOT, TIDCO, Tamil Nadu Newsprint and Papers Limited and Tamil Nadu Industrial Housing Development.

Among the major investment proposals, Skyroot Aerospace will invest Rs 250 crore in Thoothukudi to establish a private orbital launch vehicle manufacturing facility, creating 500 jobs. Agnikul Cosmos will invest Rs 400 crore in a reusable liquid-propulsion launch vehicle facility, generating 1,500 jobs.

Ultraviolette will establish an electric two-wheeler manufacturing plant in Krishnagiri with an investment of Rs 779 crore and create 4,000 jobs. US-based Super Micro will invest Rs 477 crore in Chennai to establish a server manufacturing and integration centre.

Japan-based YKK will establish a zipper and fastening products manufacturing facility in Tiruvallur with an investment of Rs 1,651 crore, creating 4,316 jobs. JK Tyre will invest Rs 5,143 crore in expanding its tyre manufacturing facility in Kancheepuram, creating 3,510 jobs.

German automobile major Daimler will invest Rs 4,000 crore to expand its manufacturing and research and development centre at Oragadam. Australian-based Avid Group has proposed investments of Rs 7,000 crore over five years in urban infrastructure, tourism, healthcare and mining equipment manufacturing.

The government also signed seven institutional MoUs with organisations from Kazakhstan, New Zealand and Russia covering trade, investment, cybersecurity, artificial intelligence, advanced technologies and semiconductor skill development.

Among the completed projects inaugurated was a Rs 350-crore tissue paper commercial production facility of Tamil Nadu Newsprint and Papers Limited at Mondipatti in Tiruchirappalli. A Rs 250-crore aerospace hub developed by TIDCO at Vallam Vadagal in Kancheepuram was also inaugurated.

The Chief Minister distributed appointment orders to 20 persons selected for various positions in nine industrial companies.

Industries Minister S Keerthana, Chief Secretary M Sai Kumar, Additional Chief Secretary to Industries S Vijayakumar and Guidance Bureau CEO Deepak Jacob participated in the conclave.

BIG PLAYERS

• Avid Group (Tiruvallur & Thoothukudi) Rs 7,000 cr/12,000 jobs

• JK Tyre (Kancheepuram) Rs 5,143 cr/3,510 jobs

• YKK, Japan (Tiruvallur) Rs 1,651 cr/4,316 jobs

• Ultraviolette (Krishnagiri) Rs 779 cr/4,000 jobs

• Skyroot Aerospace Rs 250 cr/500 jobs

• Super Micro, US (Chennai) Rs 477 cr

• Agnikul Cosmos Rs 400 cr/1,500 jobs