Tamil Nadu Cabinet gives nod to industrial projects worth Rs 15,610 crore

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

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings
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
Press Trust of India Chennai
1 min read Last Updated : Jan 04 2023 | 9:20 PM IST

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.

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.

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Tamil NaduIndustrial growth

First Published: Jan 04 2023 | 9:20 PM IST

Next Story