So the two day business extravaganza organized by the Tamil Nadu government is over and the media in Tamil Nadu has dedicated their headlines to the huge amount of investment MoUs which have been raked in by the state. Jayalalithaa is a proud Chief Minister, having announced yesterday that more than Rs. 2.4 lakh crore worth of investments have been promised by private investors from across the globe.
So who are these investors? What are they going to produce, where are they going to do so and how much are they investing?
Here are some of the highlights, and the full list as released by the Tamil Nadu government is reproduced below.
The highest investment by a single company is by the Kuwait based Al Kharafi group, which will invest Rs. 30,000 crore for an oil refinery and petrochemical plant at the SIPCOT Industrial Park in Tuticorin.
In the energy sector, the highest investment is by OPG Power Ventures for a coal-based power plant in Nagapattinam with an investment of Rs. 24,380 crore.
Uber has promised to provide employment for 30,000 people in the state by expanding operations in Chennai and Coimbatore over the next few years. In the IT Sector, WS Industries has promised employment for 28,000 people by building an IT park in Chennai.
Here is the full list.