The Nadu cabinet on Wednesday approved eight new industrial Investment proposals worth 15,610 crore. To be spread across districts, these projects are expected to generate 8,776 jobs, industries minister Thangam Thennarasu said.
The investment proposals are for multiple sectors including electric vehicles, wireless technology, textiles and Oxygen manufacturing. These projects would come up in Krishnagiri, Theni, Pudukkottai and in districts around Chennai. Refusing to name the companies whose investment proposals were cleared on Wednesday, citing “commercial-sensitive reasons”, Thangam Thennarasu said the names will be revealed when they sign memoranda of understanding with the government.
Cabinet approval has been given for a few projects in the industrial complexes in Sriperumbudur, Pillaipakkam and Oragadam near Parandur, the site chosen for the new greenfield airport.