TN CM launches Rs 2515-crore projects

Tamil Nadu CM

Tamil Nadu Chief Minister Edappadi K Palaniswami commissioned three projects and laid the foundation for 13 projects involving a total investment of Rs 2,515 crore. Of the 13 projects, 10 are part of the MoUs signed during the Global Investors’ Meet (GIM) held earlier this year and will bring in investments of Rs 2,244 crore in various sectors. The units will come up in Kancheepuram, Namakkal, Tiruvallur, Salem and Coimbatore. Palaniswami inaugurated the commercial production of three companies — Ekki Homa Pvt Ltd, which manufactures pumps; Syrma Technology Pvt Ltd makers of electronic parts; and Renaatus Procon Pvt Ltd, which makes building materials — which had invested totally about Rs 140 crore in Coimbatore, Chennai and Gangaikondan. Further, the Chief Minister laid the foundation stone for three manufacturing units in SIPCOT Industrial Parks at Vellore, Krishnagiri and Tiruvannamalai districts. The combined investments of these three units will be Rs 130 crore. The government had announced that at GIM 2019 304 agreements for investment proposals to the tune of Rs 3,00,431 crore had been signed.

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