The Government of Tamil Nadu has inked 16 MoUs with an aggregate investment of Rs 5,137 crore. These projects will create job opportunities for 6,555 people. The deals were signed by Chief Minister Edappadi K Palaniswami in the presence of Industries Minister M.C. Sampath as well as N Muruganandam, Principal Secretary, Department of Industries and Neeraj Mittal , MD and CEO, Guidance, Industries Department. While a few MoUs were signed in the presence of the company officials, the others were done through video-conferencing.
Adani Enterprises Ltd, the flagship company of the Adani Group, has signed an MoU worth Rs 2,300 crore and Princeton Digital Group has inked a deal for Rs 750 crore. Both these investments will come up in the Siruseri, Chengalpattu area. Super Auto Forge, manufacturer of cold and warm forged steel and aluminium parts and BPL-FTA Enterprises, have given an investment commitment of Rs 500 crore each.
Airflow Equipments, a major supplier of equipments and products to the transportation industries will be investing Rs 320 crore at Kancheepuram. ATG, a fully owned subsidiary of The Yokohama Rubber Co. Ltd., Japan will be investing Rs 250 crore at Gangaikondan, Tirunelveli. The other MoUs include Visteon (Rs 100 crore); Srivaru Motors Pvt. Ltd. (Rs 150 crore); Top Anil Marketing (Rs 100 crore); Corestack (Rs 35 crore); Swirepay (Rs 23 crore); Radus Digital (Rs 21 crore); bitWise Academy (Rs 21 crore); Plethy (Rs 22 crore); Tier1 Network Solutions Inc (Rs 25 crore) and Continube (Rs 20 crore).
There are seven MoUs inked in technology space, of these, six will come up in Chennai and one in Coimbatore. The state government had earlier inked eight MoUs worth Rs 10,399 crore that will create employment opportunities for over 13,507 people.