Now Reading: 97 MoUs worth Rs 67,542 crore signed at TVK conclave
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97 MoUs worth Rs 67,542 crore signed at TVK conclave
The Tamilaga Vettri Kazhagam (TVK) government signed 97 memoranda of understanding worth over Rs 67,542 crore at its first investment conclave in Chennai on Thursday. Chief Minister C. Joseph Vijay inaugurated the…
The Story in Brief
The Tamilaga Vettri Kazhagam (TVK) government signed 97 memoranda of understanding worth over Rs 67,542 crore at its first investment conclave in Chennai on Thursday. Chief Minister C. Joseph Vijay inaugurated the event. Industries Minister S. Keerthana said cumulative investment commitments in the first 100 days have crossed Rs 1 lakh crore, capable of generating more than 1.2 lakh jobs.
Projects are expected to be grounded within six months to one year, according to Industries Secretary S. Vijayakumar. The Hindu reports that 25 companies are entering Tamil Nadu for the first time. Major investments include Rs 2,500 crore from Hinduja Group in renewable energy and electric mobility, and Rs 1,000 crore from Phoenix Kothari Footwear in Ramanathapuram, the district's first major industrial investment.
The Indian Opinion
The TVK government is right to celebrate the numbers. But the real test is execution, not signing ceremonies. Grounding projects within six months to one year, as the industries secretary claims, has been a challenge for previous regimes too. The Ramanathapuram footwear park is a litmus test for whether new government can actually push investment into backward districts. Will the 1.2 lakh jobs promised materialise? Watch the quarterly progress reports from Guidance Tamil Nadu.
Sources (2): deccanchronicle.com, thehindu.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
