The investment conclave 2021 named Guidance Tamilnadu was held at Codissia, Coimbatore. Huge Investments are the engine of growth. It decreases unemployment and is involved in fostering the growth of the economy.
The state of Tamil Nadu has a good number of resources that attract the interests of investors. Today, several MOU’s are signed by the honourable Chief Minister M.K. Stalin. The outcomes of the meet are briefed on.
Hindustan Unilever Limited will be signing an MoU with the Tamil Nadu government today and the company will invest ₹1,900 crores to manufacture nutritional and beverage products.
Ultratech Cement Limited is signing a deal with Chief Minister M K Stalin today for cement manufacturing at Karur, Thoothukudi and Arakkonam – will be investing Rs.1,100 crore.
Tamil Nadu Government will unveil its FinTech policy today at Coimbatore in the presence of Chief Minister MK Stalin.The UK based Shell India Markets will sign an MoU with the Tamil Nadu government today for setting up retail outlets and tank farms across the state with an investment of Rs.1,400 crore.
TVS Motor will invest Rs 1200 crore for the manufacturing of EV – a formal MoU will be signed regarding this with the Tamil Nadu government today.
However, speedy implementation of the projects is necessary to counteract the negative impacts of the pandemic.