12 MoUs worth Rs 20,925 crore inked in a day - The New Indian Express

12 MoUs worth Rs 20,925 crore inked in a day

Published: 06th November 2012 11:10 AM

Last Updated: 06th November 2012 11:10 AM

The Tamil Nadu government on Monday signed Memoranda of Understanding (MoUs) with 12 companies from India and abroad with a whopping investment of Rs 20,925 crore, which would provide direct and indirect employment to over 1,36,000 persons. 

Representatives of the companies signed the MoUs at a grand ceremony in the presence of Chief Minister J Jayalalithaa. “Today marks a red-letter day in the annals of the industrialisation of Tamil Nadu.  Never before has the State government signed 12 MoUs on a single day,” the CM said.

The companies and their representatives who had signed MoUs with the Tamil Nadu government on Monday were: Hyundai Motor India Limited ( BS Seo, CEO - investment Rs 4,000 crore), Indo Rama Group (OP Lohia, CMD - Rs 4,500 crore), ADD Textiles and Industrial Park (Anil Sethi, Chairman - Rs 3,100 crore), BGR Energy (BG Regupathy, CMD - Rs 2,325 crore), Harsha-PPG Consortium (B Dhanraj, CMD - Rs 4,100 crore), Saint Gobain (Anand Mahajan, Chairman - Rs 400 crore), Danfoss, Denmark (Noel Ryan, president and director - Rs 500 crore), Nokia (Juha Putkiranta, Executive Vice President - Rs 250 crore), Sanmina-SCI (Muthu Sivan, Vice President and MD - Rs 250 crore), Tube Investments (MM Murugappan, Chairman - Rs 500 crore), Amway, USA (Anshu Budhraja, Chief Financial Officer -Rs 300 crore) and TVS Sundaram Clayton Group (Venu Srinivasan, CMD - Rs 700 crore). 

Industries Minister P Thangamani, Chief Secretary Debendranath Sarangi and Industries Secretary Vikram Kapur were among the those who spoke at the ceremony.

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Recent Activity

Pinterest Google Plus Twitter Facebook tumblr RSS Mobile Site apple Newshunt