|
| Commercial
Vehicles Co: at Oragadam. |
| 08 July 08 |
A memorandum of
understanding was signed on Monday between the State govt and
Daimler Hero Commercial Vehicles Co for a Rs. 3,000 croe project to
be implemented at the SIPCOT industrial park in Oragadam. The German
co with colaporaton, will manufacture 70,000 commercial vehicles a
year, will be established by 2010. In a few years, the
investment may go up to Rs. 4,000 crore. In the presence of Chief
Minister M. Karunanidhi, the MOU was signed by M.F. Farooqui,
Industries Secretary Andreas Renschler, member of the Board of
Managemnet of the Daimler AG, Sunil Kant Munjal, managing director
of the Hero Corporate Services. |
| Port: at
Thiruchopuram. |
| 03 July 08 |
A port will be
constructed with 1500 crore. will handle 250 lakh tonnes of cargo
annually. Total 7,290 croe got under way on Wednesday with Chief
Minister M.Karunanidhi laying the foundation stone for the projects
at the Secretariat. Among the present were Arcot N. Veeraswami,
Electricity Minister. M.RK. Panneerselvam, Health Minister,
Vellakoil M.P. Saminathan, Highways and Minor Port Minister k.
Venkatapathy etc |
| Ship Building
Yard: near Cuddalore. |
| 03 July 08 |
The Silambimangalam ship
building yard would have the capacity of 75,000 tonnes.
Investment of Rs. 1,000 crore, the yard will roll out its
first ship by late 2010 or early 2011, according to C.
Muthukumaraswamy, Vice Chairman and Chief Executive Officer of Tamil
Nadu Maritime Bard. |
| Refinery
project: near Cuddalore. |
| 03 July 08 |
Tamil Nadu Industrial
Development Corporation will implement the refinery project in
association with the Nagarjuna Fertilizers and Chemicals Ltd and a
host of Companies. Estimate cost Rs. 4,790 crore, the refinery
project, having a capacity of 60 lakh tonnes a year, will be
completed in 33 months. It will be commissioned by 2011. |
| Tamil Nadu takes
IT dream to hinterland. |
| 02 May 08 |
Tamil Nadu allots land to IT Companies in the
Tire - II Cities after a long delay.
The IT portfolio being headed by the CM himself has
made the process of setting up state run IT Parks much easier and very
efficient. Clearances for environmental impact assessment are also
done very quickly.
| COMPANY |
PLACE |
LAND ALLOTMENT |
| HCL |
Madura - Izhandaikulam
Madurai - Vadapalanji |
5 Acres
60 Acres |
| Southrnland |
Madurai - Izhandaikulam
Trichy - Navalpattu
Tirunelveli - Gangaikondan
Kancheepuram - Sholinganallur |
5 Acres
10 Acres
10 Acres
61.97 Acres |
| Honeywell |
Madura - Izhandaikulam |
5 Acres |
| Tessolve |
Madura - Izhandaikulam |
2.5 Acres |
| Satyam |
Madurai - Vadapalanji |
50 Arcres |
| Sify |
|
|
| CTS |
|
|
| Scope |
|
|
In the Siruseri IT Park promoted by the State Industries Promotion
Corporation of Tamil Nadu (SIPCOT) there are more than 60 IT and ITES
companies. SIPCOT has allocated land to TCS (70 acres), Xansa
(27), Hexaware (27), Syntel (27), CTS (25), Patni (18), and Polaris
(13).
Beside ELCOT has allocated 80 acres to Wipro, 50 acres to HCL and 50
acres to Satyam Computer Services in Sholinganallur.
The State is setting up new IT parks in Tiruchi (50 acres), Madurai (10
and 250 acres), Tirunelveli (400 acres), Coimbatore (12 acres), Salem
(100 acres) and Hosur (19.5 acres).
|
| Nissan, Renault
to set up unit in Chennai. |
| 23 Feb 08 |
In an equal joint
venture agreement, Renault and Nissan have decided to invest Rs.
4,500 crore to set up an integrated greenfield automotive facility
at Oragadam near Chennai.
A memorandum of understanding (MoU) in this
regard was signed with the Government of Tamil Nadu. The
project will come up on 678 acres and will provide vehicle
production platforms for the two car-makers. It will also have
powertrain facility. The plant will have an installed capacity of
four lakh vehicles annually. The facility is expected to go on
stream in 2010.
Senior Vice-President of Nissan Colin Dodge, said
"it is a major investment by Nissan into India, next to China.
Nissan will like this project to be a world class one and wants it
to be a Nissan's export hub." The Oragadam plant would bring
out compact cars initially into the market. He said both the
companies would share facilities equally. |
| Elevated road to
link War Memorial and Madhuravoyal Planned. |
| 23 Feb 08 |
A 19.2 km long four lane
elevated road to link War Memorial near the State Secretariat and
Madhuravoyal will be laid at a cost of Rs. 1,500 crore, Union
Minister for Shipping, Road Transport and Highways T. R. Baalu said
on Friday.
Chief Minister M. Karunanaidhi would be laying
the foundation stone for the project shortly, Mr. Baalu said. The
project is to facilitate sppdier movement of cargo from Chennai port
to different parts of Tamil Nadu. |
| Satyam to open
software development centre in Madurai |
| 12 Nov 07 |
Satyam Computer
Services, the Hyderabad based software company, will open a software
development centre in Madurai.
It has been allotted 50 acres under
the Electronic Corporation of Tamil Nadu (ELCOT) scheme, proposed on
the university land on Theni road, according to Subu D. Subramanian,
director and senior vice president (Manufacturing and Automotive
Business Group).
The Centre had given in principle approval
for two SEZs in Madurai and for one each in Tirunelveli, Tiruchi,
Salem, Hosur and Kancheepuram districts, which would yield a total
investment of Rs. 3,000 crore for infrastructure projects alone.
Satyam would build its own Chennai Campus
at the ELCOT SEZ in Sholinganallur on the Rajive Gandhi road The
first phase would be ready in June 2008. The new centre would facilitate
Satyam Computer Services to increase its employee strength in
Chennai to around 20,000 in the next three years. |
| Supercritical
thermal power plant by 2011 |
| 27Oct07
<Click> |
A thermal power project with supercritical technology
is to come up on a 900 acre "government poromboke" site at
Udangudi in Tuticorin district.
The 2X800 MW project with a total capital outlay of about Rs. 8,500
crore will start functioning from 2011, increasing power
availability in the state.
Chief Minister M. Karunanidhi, Union Minister for Heavy Industries
and Public Enterprise Sontosh Mohan Dev and State Electricity
Minister N. Veeraswami were among those present when the MoU was
signed by B HEL Chairman and Managing Director Ashok K. Puri and
TNEB Chairman Hans Raj Verma. The JVC is expected to be in place in
place in about three months. The project work would commence shortly
thereafter. |
Chennai, Sriperumbudur in for $3 billion
investment expected.
20 Oct 2007:
| Foxconn |
$520 Million |
| Flextronics |
$120 Million |
| Jabil Green Point |
$80 Million |
| Sanmina
|
$70 Million |
| Aspocomp |
$70 Million |
| Nokia and Nokia Siemens |
$520 Million |
| Samsung
|
$40 Million |
| Dell
|
$60 Million |
| Hyundai
|
$800 Million - Car manufacturing
expansion. |
| Nissan
|
$450 Million |
| Ford
|
$400 Million |
| Renault
|
$400 Million |
| Mahindra & Mahindra
|
$400 Million |
Around 4,000 firms are waiting in the wings to invest in India. To lure
at least 1 percent of them to invest in India by 2008, Members from
IACC are leading delegation to Perth, Sydney and Melbourne from November
10 to 17.
Photovoltaic Fab unit Planned
Orakkadam: Chennai.
18 Sep 2007. Moser Baer Photo Voltaic plans a photovoltaic fab manufacturing
unit in the Oragadam industrial area with an initial investment of Rs. 2,000
crore.
The co enter the solar power generation business by
manufacturing solar cells and modules.
It has sought 250 acres, plus 50 acres for residential
quarters. Initially, the state Govt has agreed to give it 120 acres. Moser
Baer Managing director d
eepak Puri said" "We will start the work on this unit within one
month from the date of allotment of land. The first product will be ready
for launch within 15 to 18 months. We expect revenue of $1 billion in the
first three and half years. Funding is not a problem, since Moser Baer has
cash reserves of Rs. 1,000 crore."
The unit provide employment to 4,000 people in the initial
stage.
Projects
Perungudi: Chennai sewage treatment
plant improvement and expansion at Perungudifor Rs. 35 crore.
Venkatamangalam: Development of
scientific landfill at Venkatamanagalam for Rs. 48 crore.
Madurai: Solid waste management scheme
for Rs. 110 crore.
Madurai: Road improvement scheme for Rs 115 crore.
Madurai: Check dams across vaigai for Rs 4.8crore.
Avaniyapuram: Underground sewage schme for Rs 23.9
crore.
Political
Tamil Nadu benefited from favourable political dispensations in the past. To day, one
of the largest contingents of ministers from any state in the UPA Govt is from Tamil Nadu.
And the dozen odd ministers, led by Finance Minister P. Chidambaram and Telecom
Minister Dayanidhi Maran, have worked towards driving foreign investement into the state.
Investment
Out of the total foreign investemnt (FDI) that flowed into India last year(2005), 9.12
per cent went to Tamil Nadu. The state registered an annual growth rae of 6.3 per cent
during the '90s, ahead of 15 major states. In the past four months, over Rs. 2,234 crore
have been invested in the state. The numbers are only increasing.
Job & Co
The global players to have invested here are Nokia, Flextronics, Hyundai, Dell, Ford,
Royal Enfield and Samsung. Over eight lakh jobs are expected to be created by 2011.
Moreover, it is also becoming the prefeered destination for back offices of the world.
Standard Chartered, World Bank, Citibank, Sutherland Technologies, ABN Amro are some of
the leading banks that have their back office operations here.
Plans
In chennai alone, there are plans for four multiplexes housing over 30 theatres, and
half a dozen seven star hotels, including the Hilton, Glitzy shoopping malls such as the
Chennai Citi Centre are show casing this new found prosperity.
Police
The police zoom around in Hyundai Accent cars patrolling the city street with modern
look.
Infrastrecture
Good infrastructure and the advantage of connectivity with ports, a well laid road
network and numerous airportsare the key drivers of investment in the state.
IT
The top 10 Indian IT companies are operating from Chennai. More than 345 IT firms came
up in Chennai last year and there are 1,427 firms now. Software exports from cennai last
year stood at Rs 14,115 crore. There are new proposal for smaller cities like Tirunelveli
and Salem, While IT giants are already opeining centres in other places like Coimbatore
and Trichy.
Economy
The state has the fifth largest economy in the country and ranks second in per capita
income. It is the first Indian state to have introduced the concept of universal midday
meals and make computer ducation available in all govt higher secondary schools.
Education
There are more than 252 engineering colleges in Tamil Nadu that churn out 79,000
engineers every year. Free mid day meals, free text books, cloths and free bicycle
for school children have raised the literacy rate to 73.4$
Women
There are are more than two million women self help groups which play a pivotal role in
the administrative and financial sectors. Unlike other states, the delivery systems have
been won praise.
Real Estate
Propped up by massive growth in other sectors such as IT, real estate is at an all time
high. Rates have jumped up by 100 to 150 per cent.
Health
Infant mortality and death rates have declined indicating that primary healthcare has
improved. High end medical care is attracting foreign patients, while leading players such
as Apollo Hospitals are earning a fir share of their revenus.
Negative
The number of people below poverty line still stood at 140 lakh in 2004. The rate of
unemployment in 5.25 per cent, against the national average 3.77 per cent. The chief
minister recently launched a monthly stiend scheme for the unemployed to cover more than
2,06,766 registered beneficiaries across the state.
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