Chennai: The Tamil Nadu government on Tuesday said Chief Minister Vijay’s visit to London has resulted in investment proposals and commitments exceeding Rs 15,300 crore, with an estimated 10,000 jobs to be created directly and indirectly.
In an official statement, the government said multiple memoranda of understanding (MoUs) were signed in London in the presence of the Chief Minister between the state’s investment promotion agency, Guidance, and international companies.
Among the announced investments, Samvardhana Motherson International is set to make a fresh investment of Rs 11,000 crore in Tamil Nadu, which is expected to generate about 7,000 jobs. Wilson Power Solutions will invest Rs 300 crore in transformer manufacturing in Tiruvallur, creating around 400 jobs.
The state also signed MoUs with Sigma Technology Group and Ernst & Young to expand skill centres, which is expected to create about 600 jobs. In addition, a leading European auto components manufacturer has issued a letter of intent indicating Tamil Nadu as a preferred destination for a proposed Rs 3,000 crore investment in India.
Separately, Ashok Leyland Chairman Dheeraj Hinduja, Finolex Industries Chairman Prakash Chhabria, Director Rita Hinduja Chhabria and Hinduja Group’s Venkatesan met the Chief Minister and briefed him on the progress of the group’s investments in Tamil Nadu, the statement said.
