TN to sign Rs 20K cr pacts, birth 1L jobs
- Tamil Nadu: DMK moves Madras High Court challenging Saturday's trust vote
- BSF seizes fake Rs 2,000 notes amounting to Rs 96,000 along Bangladesh border
- Bad loan crisis continues: 56.4 per cent rise in NPAs of banks
- Kerala actress’s molestation: Rivalry angle seen, police probe role of people from film industry
- H1-B visa controversy: Centre likely to take up issue with 27 US lawmakers visiting India this week
In line with its ambitious "Vision 2023" document unveiled earlier this year, Tamil Nadu government will sign MoUs worth over Rs 20,000 crore with several leading companies that would provide 36,855 direct and nearly one lakh indirect jobs.
The State government will sign on November 5 MoUs worth Rs 20,925 crore with 12 companies including Indo-Rama, a joint investment from US based PPG Group with Harsha Group and Hyundai Motor India, Chief Minister J Jayalalithaa said in a suo motu statement in the Assembly today.
While a decision to sign MoUs for investments of Rs 5,700 crore with five companies was taken in May, the Cabinet has okayed MoUs with seven more companies at its meeting in September, she said.
"This is for the first time that the Industries Department will be signing so many MoUs with huge investments on a single day," Jayalalithaa said amid thumping of the desk by ruling party members.
Elaborating on the Vision 2023 document, she said it was conceived to make Tamil Nadu achieve a 11 per cent growth in Gross State Domestic Product (GSDP) by 2023.
- Trump’s America is a latecomer. It has much to learn from Vishwaguru India
- Newly visible on social media, the party is more conscious of politics of perception
- Air in several Indian cities is rated poorly. Unlike China, India is not trying to clean up its act
- In Nepal, parties are pulling in different directions while a Maoist group threatens violence
- The case for His Dark Materials
- After Jayalalithaa’s death, the AIADMK is poised to undergo another self-destructing transformation