Tamil Nadu government on Tuesday cleared projects worth Rs 2,500 crore. These
Tamil Nadu government on Tuesday cleared projects worth Rs 2,500 crore. These projects are expected to create nearly 4,000 jobs.
According to sources, the proposed projects include Rs 500 crore from ITC for its proposed expansion in Coimbatore.
Philips Carbon, a carbon black major and Ather Energy, a electric vehicle maker, will invest Rs 600 crore each in different projects, while an auto component maker is planning to invest Rs 900 crore.
Palaniswami has written to top automobile companies, electronics majors and those engaged in aerospace in the recent past about the opportunities available in the state in the wake of the impact caused by Covid-19 on the world economy as companies were likely to exit certain countries and relocate their manufacturing activities in India.
Tamil Nadu has constituted a Special Investment Task Force to attract…