The total investment commitments approved is to the tune Rs 34,237.39 crore and expected to generate employment to about 55,000 people, State Industries Minister T R B Rajaa said.
The proposed investments are coming up in Chennai, Chengalpattu, Kancheepuram, Tiruvallur, Ranipet, Tiruvannamalai, Krishnagiri, Namakkal, Perambalur, Tiruchi, Karur, Tiruppur, Ramanathapuram and Thoothukudi, he noted.
In a media interaction after the Cabinet meeting, Rajaa said the announcement on one of the major proposals for which Cabinet gave its approval, would be made on 13 February.
The ‘Conversion Conclave’ will be held on 12 February and many announcements would be made during the conclave too, he said.
Investment proposals approved include Kaynes Circuit Ltd (printed circuit boards, camera modules) and Johnson Electric (BLDC motors, power cooling motors).
“Evervan Kothari Footwear Ltd proposal would give employment to about 25,000 people. We are bringing the Adidas brand to Tamil Nadu,” Rajaa said.
With the aim to take the blue economy to the next level, a proposal has been approved whereby Chennai Radha Engineering would make hulls for ships, he said.
Proposals by Yazaki India Private Ltd (auto components), Hyundai expansion, among others were also approved, the Minister said.
Stalin and Tata Group chairman N. Chandrasekaran are scheduled to take part in the inauguration of Jaguar Land Rover (JLR) car manufacturing plant in Ranipet on 9 February, he said.
