The two-day Tamil Nadu Global Investors Meet ended here on September 10 on a high note, with Chief Minister J Jayalalithaa stating that MoUs had been signed for investment of Rs 2,42,600 crore in the State.
98 MoUs had been signed in the last two days. Jayalalithaa described the meet as a huge success, and said her government would take prompt steps to implement the proposals.
Stressing that her government is business-friendly and welfare-oriented, Jayalalithaa said the state has planned an investment of $250 billion in infrastructure under its Vision Tamil Nadu 2023 plan.” My goal is to ensure that Tamil Nadu’s per capita income reaches that of, upper middle income countries by 2023. The people of this
state must have access to infrastructure and services comparable to the best available anywhere in the world. Tamil Nadu will be a knowledge hub for innovation.”
The U.S.-based global renewable energy company, SunEdison Inc, signed an MoU with the Tamil Nadu government on Wednesday at the Global Investors Meet to set up 2 GW of solar and wind power projects in the State.
“The company will invest Rs.12,000 crore – Rs.14,000 crore in the next five years for setting up the projects. Of the 2GW planned, 1.2 GW will be solar and the rest
will be wind energy,” Pashupathy Gopalan, president & MD – Asia Pacific, SunEdison, said on the sidelines of the event.
The MoU was signed by Mr. Gopalan and Chief Minister Jayalalithaa at the investors meet, a company press release said.
SunEdison has so far identified Virudhunagar, Tuticorin, Tiruchi and Perambalur for the projects, he said. The company is already in the process of installing 200 MW of solar power projects.
Adani Group is looking to invest around Rs. 15,000- Rs. 20,000 crore in Tamil Nadu, group chairman Gautam Adani said.
Speaking on the sidelines of Global Investors Meet in Chennai, Mr. Adani, chairman of Adani Group said that Tamil Nadu offered tremendous potential and that the company was setting up a 650-MW solar plant, which will be the largest in the world and will be operational by March 2016.
“We are now investing in port and non-renewable power projects [thermal] and we are looking at investing around Rs. 10,000 to Rs. 15,000 crore in the state,” said
Adani.
However, he did not disclose the time frame for making the proposed investments in the State.
Sun-Edison will invest 12,000-14,000 crore in 5 years. It will set up 2 GW of solar and wind power projects:
Adani group will invest 15,000-20,000 cr. It will set up a 650 MW solar plant in Tamil Nadu.
HCL will invest 1 bn dollars in Tamil Nadu. HCL will open new centres in MDI and Tirunelveli.
YES Bank will put up a new Rs 120 crore centre in Ambattur.
The Vedanta group will invest Rs 6,000 cr, and proposes to double the smelter capacity (has copper smelter in Thoothukudi, aluminimum factory in Mettur).
The ITC will invest 2,500 crore in Tamil Nadu.
