Green Wave Sweeps Tamil Nadu: Tata, Adani, & Sembcorp Plug into Renewable Future

9 Jan 2024 , 10:29 AM

At the end of the two-day Tamil Nadu Global Investors Meet (GIM) in Chennai, investments totaling Rs 6.64 lakh crore were announced, with a sizeable portion coming from the energy industry.

There were 631 memorandums of understanding signed, which resulted in the establishment of 26.91 lakh overall employment opportunities, including 14.54 lakh direct employment opportunities.

Chief Minister Thiru M.K. Stalin introduced the Tamil Nadu Semiconductor and Advanced Electronics Policy 2024 at the event, which took place between January 7 and 8. The two-day event also saw the inauguration of Tamil Nadu’s startup funding platform, TANFUND site. Through the portal, companies in Tamil Nadu will be able to raise capital from international investors.

With a total investment of Rs 70,000 crore, Tata Power Renewable Energy would expand its current solar factory in the Tirunelveli district, creating 3,000 employments. This company received the highest share of the funding. Sembcorp revealed its next major investment, a potential Rs 36,238 crore investment. The company intends to build a green hydrogen factory in the Thoothukudi district, resulting in the employment of 1,511 people.

Adani Green Energy Limited promised 4,000 jobs in Tiruvannamalai in exchange for signing an agreement worth Rs 24,500 crore.

In order to create 2,400 jobs at its petrochemical refinery and decarbonization operations in the Nagapattinam area, Chennai Petrochemicals (CPCL) has proposed investing Rs 17,000 crore.

With its Rs 13,200 crore investment, Adani Connex will generate 1,000 jobs.

In Chennai, L&T Innovation Campus will invest a similar amount to create 40,000 employment, while Ambuja Cements would invest Rs 3,500 crore to create 5,000 jobs.

With a planned investment of Rs 3,400 crore, Saint Gobain India plans to expand its current Kancheepuram operations and build greenfield units in the area, creating 1,140 jobs.

In Kanchipuram, Tamil Nadu, Royal Enfield intends to invest Rs 3,000 crore and create 2,000 employment for the manufacture of motorcycles and other related businesses.

With an investment of Rs 2,740 crore, Microsoft India intends to establish a cutting-edge data centre in the Chennai area, generating 167 employment.

Sify Technologies plans to invest Rs 2,500 crore and create over 300 high-end jobs in the Chennai district by building a data centre.

Salcomp Manufacturing India plans to invest Rs 2,271 crore in Kancheepuram, resulting in the creation of 15,000 jobs.

In the Tiruvallur district, Stellantis Group intends to invest Rs 2,000 crore in the production of internal combustion engines and electric vehicles.

With a planned investment of Rs 1,850 crore, Ramkrishna Titagarh Rail Wheels intends to establish a facility in Tiruvallur, generating 1,400 jobs.

With an investment of Rs 1,568 crore, Adani Total Gas & CNG would generate 300 jobs.

With an investment of Rs. 1,200 crore, Kauvery Hospitals plans to expand its medical facilities in Tamil Nadu, adding 7,500 jobs in the process. With a planned investment of Rs 1,200 crore, Hinduja Group intends to grow its car manufacturing operation in the state, adding 500 jobs in the process.

Shell India Markets announced plans to invest Rs 1,070 crore in renewable energy projects, which will result in the creation of 50,000 jobs.

In Tiruvallur, Mahindra Origins plans to invest Rs 1,000 crore. With a planned investment of Rs 10,000 crore, Tata Chemicals intends to construct a specialized chemicals manufacturing facility in the Ramanathapuram area, employing 500 workers.

With an investment of Rs 1,000 crore, Jindal Defence plans to establish a 3,500 MT aircraft components manufacturing facility in Tiruchirappalli, generating employment for 800 people.

With a planned investment of Rs 1,000 crores, ENES Textile Mills, the manufacturing division of Ramraj Cotton, intends to establish textile operations across several sites in the state, generating 13,000 jobs.

With a planned investment of Rs 1,000 crore, Shahi Exports intends to establish textile factories in several places throughout the state, producing 22,000 jobs.

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