T.N. Cabinet approves incentives for 46 projects

A meeting of the Tamil Nadu Cabinet headed by Chief Minister M.K. Stalin on Monday approved incentives for 46 industrial projects with investments to the tune of ₹31,592 crore.

These investment proposals are expected to come up in 16 districts and are expected to generate employment for over 61,000 people, Minister for Industries T.R.B. Rajaa said.

Briefing journalists after the Cabinet meeting, Mr. Rajaa said among the investors are Sakthi Aircraft Industry, NMB-Minebea, Yield Engineering Systems, Dixon, SFO Technologies, Vikram Solar, Minerva’s Special Purpose Vehicle, Hikoki Power Tools, Festo, Aequs, Schneider Electric, Bharat Biotech, Caterpillar Inc., Boeing, and Saint Gobain.

Incentives have also been approved for investment proposals from M2P Fintech, HD Supply, Ford, Flextronics, Adidas, BellaPremier, and LMW. Mr. Rajaa said the DMK government was focusing on distributed development across the State.