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6,000 crore Proposals for investments
July 25 , 2023
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- The Tamil Nadu Cabinet cleared 10 industrial projects, which will bring in ₹6,000 crore in investments.
- They have a potential to create 27,000 jobs.
- Of the 10 projects, two are electric-vehicle projects, three are in general manufacturing, and one in electronics hardware.
- There is one project in the technical textile space.
- Godrej Consumer Products Limited will set up a plant in Tamil Nadu.
- Last year, the government unveiled the Life Sciences Policy, 2022, and the Research & Development Policy, 2022.
- The main goal of the R&D Policy is to double the R&D expenditure from the government, higher education and private sectors by 2030.
- It will transform Tamil Nadu into a knowledge-based economy by 2030, driving manufacturing and services excellence.
- The Life Sciences Policy was aimed at attracting ₹20,000 crore in investments and generate 50,000 jobs.
- This will be transforming the State into the most preferred destination for researchers in biologics, biosimilars and medical technology.
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