Tamil Nadu has witnessed a major boost to its industrial landscape with the launch of 47 new projects, attracting a combined investment of Rs 68,773 crore. The projects, unveiled at the Tamil Nadu Investment Conclave 2024, are projected to create employment opportunities for over one lakh individuals.
Among the notable investments, Singapore-based renewable energy giant Sembcorp has committed a substantial Rs 36,238 crore for the construction of a green hydrogen/green ammonia manufacturing unit in the Tuticorin district. This initiative underscores Tamil Nadu’s commitment to sustainable energy solutions.
Another significant investment comes from Greenko Group, a prominent player in renewable energy. The company will establish pumped storage projects across Tamil Nadu, injecting Rs 20,114 crore into the state’s economy.
In addition to these large-scale projects, the Tamil Nadu government, in collaboration with TIDCO and TATA Technologies, will establish the Tamil Nadu Engine and Innovations Centre (TN ENGINE) in Coimbatore. This initiative, fueled by an investment of Rs 400 crore, aims to foster innovation and technological advancements in the region.
The Tamil Nadu Investment Conclave 2024 has proven to be a significant success, showcasing the state’s potential as a hub for industrial growth and attracting substantial investments. The commitment to renewable energy and innovation, coupled with the creation of numerous job opportunities, positions Tamil Nadu as a thriving economic force.
