THOOTHUKUDI: The Tamil Nadu government signed 41 Memorandums of Understanding (MoUs) worth Rs 32,553.85 crore during the TN Rising Investors Conclave chaired by Chief Minister MK Stalin in Thoothukudi on Monday. The CM also launched the commercial production of four projects established at a cost of Rs 1,230 crore and expected to generate around 3,100 jobs.
Addressing the conclave, Stalin said 22 MoUs worth an assured investment of Rs 32,288.70 crore with the potential to create 48,649 jobs, and 19 MoUs on behalf of MSMEs with an investment of Rs 265.15 crore, expected to provide 1,196 jobs, have been signed.
“We are materialising industrial development in south Tamil Nadu with the construction of a Tidel park in Madurai, neo Tidel park in Thoothukudi, renewable energy projects in Tirunelveli and PM Mitra (Mega Integrated Textile Region and Apparel) industrial park in Virudhunagar district,” he said.
‘Sops given to industries in south districts’
The chief minister added that special sops are being given to industries coming up in the southern districts.
As its primary focus is on achieving a USD 1 trillion dollar economy by 2030, the state is committed to attracting several investments and providing employment.
The government is concentrating on technologically-advanced industries like semiconductors, electric vehicle producers, solar cell manufacturers and green hydrogen production units that create high-paying jobs, which will fuel the state’s economic growth, he added.
Terming the Thoothukudi VOC Port as pivotal for investments, Stalin said, “We are bringing renewable energy projects like green hydrogen and solar cell production units to the south only to make Thoothukudi a hub of renewable energy sources.”
The CM announced four projects for Thoothukudi — a 250-acre space park to promote the production and technological development of equipment required for the space sector, a separate department for ship building to facilitate all necessary infrastructure, a common facility centre for Moringa cultivation and export from Thoothukudi and Tirunelveli districts at a cost of Rs 5.59 crore, and a zonal unit of Tamil Nadu Food Processing and Agri Export Promotion Corporation in Tirunelveli district.
TN has attracted 898 industrial projects of assured investment of Rs 10.30 lakh crore, which have created 32.28 lakh jobs both directly and indirectly, Stalin said. Speaking to reporters, Industries minister TRB Rajaa, referring to Stalin’s statement that the history of India should be written from the south, said that the industrial revolution of the country will start from TN.
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