Tamil Nadu signs three MOUs worth Rs.13,000 crore
August 4th, 2010 - 9:12 pm ICT by IANSChennai, Aug 4 (IANS) Tamil Nadu government Wednesday signed three agreements with as many companies involving an investment of around Rs.13,000 crore.
The government signed the memoranda of understanding for setting up with Indian Oil Corporation (a liquefied gas terminal), Videocon (a colour television plant) and JK Tyres (a tyre plant).
According to the state government, the three projects will create over 8,600 direct jobs.
The Rs.10,000 crore IOC gas terminal will have a capacity to handle five million tonnes. A special purpose vehicle (SPV) will lay the pipeline to distribute 20 million cubic metre of gas to power/fertiliser plants and transport sector. As a part of the project a gas based power plant is also planned.
Videocon and JK Tyre would invest Rs.1,500 crore each over a five year period in a liquid crystal display (LCD) Plasma TV and radial tyre plants respectively.
While the TV plant will come up at Manamadurai in Sivaganga district, the tyre plant will be set up in Sriperumbudur near here.
The MOUs were signed in the presence of Chief Minister M. Karunanidhi and Deputy Chief Minister M.K. Stalin at the state secretariat.
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- Samsung urged to invest in photo-voltaic cell facility in Tamil Nadu - Nov 27, 2010
- JK Tyre enters Tamil Nadu with Rs.1500 crore plant - Aug 04, 2010
- Tamil Nadu gives tax incentives to 10 investors - Feb 26, 2011
- JK Group to invest Rs.1,300 crore in power sector foray - Apr 19, 2011
- Andhra inks MoUs for Rs.6.5 lakh crore investment (Lead) - Jan 13, 2012
- Chennai will be world's largest auto-manufacturing hub: Stalin - Feb 10, 2011
- Michelin to roll out radial truck tyres in 2012 - Jul 06, 2011
- Bridgestone's Madhya Pradesh tyres factory begins production - Jun 15, 2011
- JK Tyre doubles production capacity at Mysore - Oct 30, 2009
- Gail, Tidco to set up a JV power plant in Tamil Nadu - May 11, 2012
- Apollo Tyres mulls plants in east Europe, third quarter net down - Feb 11, 2011
- CEAT reports Rs. 41.5 cr net profit in Q4 - May 09, 2012
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