India News | TN Cabinet Gives Nod to Industrial Projects Costing Rs 15,610.43 Crore

Chennai, Jan 4 (PTI) The Tamil Nadu Cabinet on Wednesday approved industrial projects to the tune of Rs 15,610.43 crore, said Industries Minister Thangam Thenarasu on Wednesday.

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The projects involved electric vehicle-manufacturing, cell-manufacturing plant, automobile, wireless technology, oxygen plant, and textiles, said the Minister.

"The projects are spread across the State and will come up in the districts of Krishnagiri, Theni, Pudukottai, and in suburban Chennai," he told reporters here.

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The State, he said, had obtained substantial investments for numerous projects down South and is likely to obtain more.

"There's fair chance for investment in industrial units when the spaceport project comes up in Kulasekharapatnam (Thoothukudi district). Also, the industrial parks at Sriperumbudur and Oragadam, near Chennai, are likely to get further investment once the proposed greenfield international airport project takes off in Parandur," he said. As many as 8,726 people would be provided jobs through the proposed ventures, he added

The Cabinet meeting, chaired by Chief Minister M K Stalin, was held today ahead of the Assembly session beginning on January 9 with the customary address by Governor R N Ravi.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)