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US-based companies commit Rs 2,700 cr investment in Tamil Nadu

Thursday, 05 Sep 2019
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A total of 16 US companies have committed to make an investment to the tune of Rs 2,780 crore in Tamil Nadu. These projects will create job opportunities for around 20,000 people.

The companies include Aquil Systems, Scitus Pharma, Nurray Chemicals, Novitium Labs, Jogo Health, ST LNG, Saram 4, Emerson, Aspire Consulting, Revature-LLC, Zillion Technologies and others.

The companies inked a memorandum of understanding (MoU) at an investor meeting held in New York. The investors’ meeting was attended by more than 200 delegates from various sectors, including fintech, space and aerospace.

Moreover, Haldia Petrochemicals has also signed an agreement for a Naphtha Cracker Unit in the state with an investment of around Rs 50,000 crore.

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