Tamil Nadu chief minister Edappadi K Palaniswami

CHENNAI: Tamil Nadu chief minister Edappadi K Palaniswami on Wednesday laid foundation stones for 12 projects costing Rs 14,071 crore for which memorandums of understanding were signed in the recently held global investors’ meet here. The projects are estimated to provide employment to 12,294 people.

Palaniswami inaugurated the commercial production of prawn culture feed by Sheng Long Biotech India Private Limited, the MoU of which was signed during the first edition of Global Investors Meet in 2015.

Foundation stones were laid for South Korean auto major Hyundai’s Rs 7,000crore electric car unit, expansion of the company’s existing facility in Irungattukottai and Rs 3,100crore expansion project of tyre manufacturer MRF in Perambalur-Alanthur block. MRF unit will have a most advanced test track.

The chief minister laid the foundation stone for Sundaram Clayton Group’s Rs 1,200crore two-wheeler and auto component expansion project in Hosur and Oragadam. The facility is expected to provide job to 800 people. A new auto component unit of Wheels India Limited will come up at Rs 600 crore in SIPCOT industrial park in Thervoykandigai in Tiruvallur. It will help generate employment for 1,800 people.

Another auto component manufacturing unit from Mando Automotive India Limited will be set up in Pillaipakkam SIPCOT industrial park at Rs 844 crore. The project was to take off originally in Anantapur district in Andhra Pradesh and land was also allotted, sources said.

Salcomp Manufacturing India Private Limited has planned expansion of mobile charger unit in Nokia Telecom SEZ in Kancheepuram district. The Rs 500crore project, which will provide employment to 5,600 people, was originally scheduled to take off in Noida.

Laskhmi Machine Works Limited in Coimbatore will expand its textile machinery capacity and defence and aerospace component unit, besides solar power project and construction of warehouse at Rs 600 crore.

Roots Industries India Limited will have a unit in Coimbatore for high precision engineering components for various industries, including medicine and aerospace. Roots Multiclean Limited will set up industrial cleaner unit in Coimbatore.

Pure Chemicals will set up a manufacturing unit for special chemicals at Thervoykandigai SIPCOT industrial park, while JS Auto Cast Foundries India Private Limited will set up a unit for foundry component, including applications for automobile industries in Perundurai SIPCOT industrial park at Rs 39 crore.

Sastra Deemed University will build combined educational complex for higher studies in Thanjavur at Rs 100 crore.

The state government attracted investment commitments to the tune of Rs 3 lakh crore from 304 memorandums of understanding signed in the two-day global event.

The chief minister laid the foundation stones for all these projects through video-conferencing from the secretariat .

