Includes Rs 2,100-cr float glass facility of Harsha group
Tamil Nadu is expected to attract investments to the tune of Rs 20,000 crore in 15 projects over the next six months. These include a Rs 2,100-crore investment by Harsha, a Dubai-based industrial group, for float glass manufacturing facility.
Harsha would start work on its float glass manufacturing and related facilities this year in the State Industres Promotion Corporation of Tamil Nadu (SIPCOT) Industrial estate at Thervoy Kandigai in Tiruvallur district.
The company entered into a Memorandum of Understanding (MoU) with the state government in 2008 and has revised the MoU in 2009. The facility is expected to produce around 800 jobs and would be the second largest in the state after Saint Gobain facility, a senior official of the state industries department said.
The government is also in talks with several companies to help them set up facilities in the state. Most of the 15 projects are in the manufacturing sector and includes some of the Fortune 500 companies, the official said.
"The cumulative investment for around 15 projects is expected to be around Rs 20,000 crore. There would be some of the big ticket companies coming up with their projects in Tamil Nadu," he said. However, he refused to reveal more details, as the projects are still under discussion.
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Around 3,000 foreign companies have set up their facilities in the state so far, out of which 34 are the Fortune 500 companies. There are around 26,000 factories in manufacturing sector in the state, which has created 1.77 million employment.
As an automobile hub, the facilities in the state have a capacity to produce 1.5 million cars and 360,000 commercial vehicles, the official said.