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Tamil Nadu Cabinet nod for 14 projects worth Rs 39,000 crore

Infrastructure  -  Oct 09,2024  - 

Tamil Nadu Cabinet approved 14 new projects with an investment commitment of Rs 38,698 crore, enabling the creation of 46,931 jobs. Most of them are high-end jobs, said Industries Minister T R B Rajaa.

These projects will be spread across 12 districts and span diverse sectors including auto and electric vehicles, electronics, green energy, telecom equipment and advanced manufacturing. The investments are in line with the state government’s vision of equitable growth.

The state Cabinet has cleared Freetrend Industrial India’s proposal to set up a manufacturing plant in Ariyalur worth Rs 1,000 crore, which will make the district a hub for the global footwear industry and generate 14,000 jobs.

Other investments include Rs 10,375 crore by Leap Green Energy, a renewables platform, focused on providing clean energy solutions, which will create 3,000 jobs.

The investment will be realised in Thoothukudi, where the firm plans to set up a hydrogen power storage plant, apart from Virudhunagar, Tirunelveli, Tiruvannamalai and Ramanathapuram districts, Finance Minister Thangam Thennarasu said.

 

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