Express Computer
Home  »  Industries  »  TN CM K Palaniswami launches initiatives worth over Rs 7000 cr in industrial sector

TN CM K Palaniswami launches initiatives worth over Rs 7000 cr in industrial sector

0 50
Read Article

Tamil Nadu Chief Minister K Palaniswami has launched a number of initiatives in the industrial sector totalling over Rs 7000 crore, including signing of MoUs for new investments. The chief minister launched the initiatives covering different parts of the state from here.

He inaugurated three projects worth Rs 121.12 crore signed during the Tamil Nadu Global Investors Meet (GIM) in February this year, an official release said.

As many as 15 new memoranda of understanding (MoU) were signed with firms operating in the spheres of Information Technology, electric components, wind energy, textile, LPG bottling and warehousing, it said.

The companies will set up units in Chennai, Vellore, Coimbatore, Tiruvallur, Tiruvannamalai and Kancheepuram among other districts.

Further, Palaniswami laid the foundation stone for five projects proposed in different districts of the state, including two of which were signed in GIM 2019. The total value of these initiatives was Rs 7175.71 crore, while about 45,900 employment opportunities would be created, it added.

Meanwhile, at a seperate event, the chief minister flagged off new buses to be inducted in various divisions of the state transport undertakings.

A total of 370 vehicles valued at Rs 109 crore inducted into different divisions across the state. Palaniswami flagged off five buses to mark the launch, another release said.

The government has inducted 13,253 new buses since May 2011, when the ruling AIADMK assumed office, it added.


If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]

Advertisement

Get real time updates directly on you device, subscribe now.

Subscribe to our newsletter
Sign up here to get the latest news, updates delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.

Is SASE just an Industry Analyst's digression? Attend our Free Webinar to learn how SASE security model can help your organization
Register Now
close-image