On Saturday, 24 July, the Tamil Nadu Cabinet approved 10 investment proposals worth INR 6,000 crore in various sectors, with a focus on creating job opportunities for 27,000 people. The investments will be made in the electric vehicles (EV) and Global Capability Centres (GCC) sectors, along with other segments.
Among the approved proposals, two are in the EV segment, three are in general manufacturing, two GCCs for research and development (R&D) purposes, two are in the textile sector, and one is in electronics.
Key Apple suppliers, namely Salcomp (electronics), Schneider (general manufacturing), and United Parcel Service (GCC), are among the companies planning investments or expansions that received the Cabinet’s approval. Additionally, FMCG major Godrej Consumer Products Limited (GCPL) got the green light for its proposal to establish a plant in Chennai with an investment of INR 300 crore.
Biltrax Construction Data is tracking 25,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
