How much investment did the Tamil Nadu Cabinet approve for industrial projects?

The Tamil Nadu Cabinet approved 15 industrial investment projects worth ₹34,000 crore.

How many jobs will be generated by these new industrial projects in Tamil Nadu?

These projects have the potential to generate employment opportunities for nearly 55,000 people.

What types of industries are included in the approved Tamil Nadu investments?

The investments cover advanced manufacturing of electronics, automotive components, footwear production, shipbuilding, and aerospace/defense components.

Home / Business and Economy / Tamil Nadu Seals Mega ₹34K Cr Industrial Deals

Tamil Nadu Seals Mega ₹34K Cr Industrial Deals

5 Feb

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Summary

15 industrial projects worth ₹34,000 crore approved.
Nearly 55,000 new employment opportunities will be created.
Investments include Hyundai expansion and Adidas footwear manufacturing.

Tamil Nadu Seals Mega ₹34K Cr Industrial Deals

The Tamil Nadu Cabinet, chaired by Chief Minister MK Stalin, has approved 15 industrial investment projects valued at ₹34,000 crore. These initiatives are poised to create substantial employment opportunities for an estimated 55,000 individuals across the state.

Among the approved projects are significant expansions by Hyundai, advanced electronics manufacturing by Kaynes Circuits India, and automotive electronics by Johnson Electric. The approval also includes the production of Adidas footwear and sports shoes by Evervan Kothari Footwear Private Limited.

Further bolstering the state's industrial landscape, the cabinet greenlit a ship structure construction and shipbuilding project by Radha Engineering Works Group and electronic component manufacturing by Yeemak Group. Investments in aerospace, defense, and automotive components by Jeanuvs Group and Yazaki India Pvt Ltd were also approved.