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Tamil Nadu Chief Minister k Palaniswami lays basis for Rs 2,368 price initiatives

Tamil Nadu Chief Minister K Palaniswami has laid the foundation stone for the construction work on eight new industrial initiatives that will come up within the state for an investment of Rs 2,368 crore, the federal government mentioned on Tuesday. Besides, he inaugurated 11 accomplished initiatives which fetched Rs 3,185 crore funding on Monday, an official launch right here immediately mentioned.

The initiatives for which the Chief Minister laid the inspiration stone included International Tech Park Chennai (ITPC) promoted by the CapitaLand group-a Rs 1,500 crore undertaking and TATA Chemicals’ silica manufacturing unit in Cuddalore SIPCOT Industrial Park with an funding of Rs 350 crore.

The corporations have dedicated a complete funding of Rs 2,368 crore and can create employment for 24,870 individuals, the discharge added. Further, the 12 accomplished initiatives in varied sectors, together with cars, would usher in Rs 3,185 crore of funding and job alternatives to six,966 individuals, it added. As many as six of the eight initiatives for which the inspiration stones had been laid had been signed within the Global Investors Meet held in 2019.

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