Tamil Nadu signs MoUs with 59 companies; 76,795 jobs to be created

TheTamil Nadugovernment signedMoUswith 59 companies attracting investments to the tune of Rs 35,208 crore across the state.

These include MoUs with seven companies for aerospace and DEFENCE systems manufacturing at an of Rs 485 crore. These MoUs were exchanged in the presence of chief ministerM K Stalinat an industrial conference in Coimbatore. Stalin said given the pace of investment and Growth for TN, the day was not far for the state to achieve the target of one trillion dollar economy.

The projects ranging from garment manufacturing, cement production to Dairy and defence systems manufacturing are expected to provide jobs to 76,795 people.

Stalin also laid the foundation stone for 13 projects worth Rs 13,413 crore and launched commercial production in ten projects that had come up at an investment of Rs 3,928 crore. Government authorities said that in all 92,420 people would get jobs through these 82 projects put together.