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Palaniswami US visit: TN attracts investments

agency, New Delhi
04/09/2019   0 Comments

More than 16 firms in the US have committed investments to the tune of over Rs 2,700 crore in Tamil Nadu during the ongoing visit of Chief Minister K Palaniswami to that country, the state government said on Wednesday.


During an investors meet in New York on Tuesday attended by the chief minister, 16 companies had signed memorandum of understanding (MoU) to make investments worth Rs 2780 crore in different fields in the state, an official release here said.

The companies included Jean Martin, Scitus Pharma, Novitium Labs, Aspire Consulting and Zillion Technologies.

Besides, Haldia Petrochemicals signed an agreement for an in-principle investment of Rs 50,000 crore to set up a plant.

"The Chief Minister (also) held direct talks with representatives" of various companies "to promote investments" in the state, it said adding he highlighted the infrastructure facilities being provided for smooth running of the business in the state.

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