Tamil Nadu Greenlights Massive Investments, Promises Job Surge

Tamil Nadu's Chief Minister M K Stalin-led Cabinet has approved 14 significant investment proposals totaling Rs 38,698.80 crore, which are set to generate around 46,931 jobs across various sectors, including automobiles, electronics, and green energy. Key contributors include Tata Motors and Hon Hai Technology Group.

In a significant development, Tamil Nadu's Cabinet, chaired by Chief Minister M K Stalin, has approved 14 substantial investment proposals collectively worth Rs 38,698.80 crore. The announcement was made by Finance Minister Thangam Thennarasu on Tuesday.

The proposed investments, spanning diverse sectors such as automobiles, electric vehicles, and green energy, are projected to create approximately 46,931 new jobs across 12 districts. Noteworthy projects include Tata Motors' Rs 9,000 crore investment in Ranipet for a vehicle manufacturing facility and Foxconn's Rs 13,180 crore commitment in Kancheepuram.

These initiatives reflect the state's strategic incentives aimed at boosting industrial output and creating high-quality jobs, as highlighted by Industries Minister TRB Rajaa. The investments are poised to enhance the economic landscape of Tamil Nadu and lure more high-profile companies to the region.

(With inputs from agencies.)