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Tamil Nadu approves Rs 441.25 billion investment 

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The Tamil Nadu government has approved investment proposals totalling Rs 441.25 billion, which include three major renewable energy policies aimed at boosting the state’s green energy sector. These initiatives are part of Tamil Nadu’s goal to generate 20,000 MW of renewable energy by 2030.

The Cabinet, chaired by Chief Minister M.K. Stalin, approved 15 investment proposals across various sectors, expected to create over 24,700 jobs. Key projects include a Rs 213.4 billion investment by lithium-ion battery supplier Semcorp in Thoothukudi and a Rs 25 billion investment by Motherson Electronics in Kanchipuram.

Additionally, the Cabinet approved a pump storage policy, a small hydel policy, and a wind repowering and life extension policy, further solidifying the state’s commitment to renewable energy. The government also announced the inauguration of an industrial housing facility for Foxconn employees, underscoring its focus on infrastructure development to support industrial growth.

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