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L&T signs INR 18,600 crore investment pact with Tamil Nadu, projects to create over 8,000 jobs

#Law & Policy#India#Tamil Nadu
Synopsis

Infrastructure major Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with the Tamil Nadu government to undertake three projects involving a total investment of INR 18,600 crore. The proposed developments include a data centre expansion in Kanchipuram, an electronics and electrical systems manufacturing facility in Coimbatore, and the expansion of L&T’s Kattupalli shipyard. Together, the projects are expected to generate more than 8,000 jobs across the state. The investments are aimed at strengthening Tamil Nadu’s digital infrastructure, manufacturing ecosystem and maritime capabilities while supporting long-term economic growth.

Larsen & Toubro (L&T) has entered into a memorandum of understanding (MoU) with the Tamil Nadu government to invest INR 18,600 crore across three major projects that are expected to create employment opportunities for more than 8,000 people. 
The agreement was signed by representatives of L&T and the state government in the presence of Tamil Nadu Chief Minister C. Joseph Vijay and L&T Chairman and Managing Director S. N. Subrahmanyan at the State Secretariat. According to an official release, this was the first industrial agreement signed since the current government assumed office. 
During the meeting, the Chief Minister assured the company of continued support and cooperation from the state government for its future expansion and growth plans in Tamil Nadu. 
The proposed investments include the expansion of a data centre facility in Kanchipuram district, the establishment of an electronics and electrical systems manufacturing unit in Coimbatore, and the expansion of L&T’s shipyard at Kattupalli. 
Among the three projects, the largest investment will be directed towards the data centre expansion in Kanchipuram, with an outlay of INR 15,000 crore. The project is expected to create around 500 jobs and strengthen the state’s digital infrastructure at a time when demand for data storage, cloud services and artificial intelligence-led technologies continues to grow. 
L&T also plans to invest INR 2,500 crore in a new electronics and electrical systems manufacturing facility in Coimbatore. The unit is expected to generate approximately 2,000 jobs and further strengthen Tamil Nadu’s position as a key manufacturing hub for electronics and engineering products. 
The third project involves the expansion of the Kattupalli shipyard, with an investment of INR 1,100 crore. The expansion is expected to create around 5,700 jobs, making it the largest employment generator among the three projects. 
The state government said these investments support its broader objective of expanding Tamil Nadu’s economy to USD 1.5 trillion by 2036. The projects are expected to enhance the state’s capabilities across digital infrastructure, electronics manufacturing and maritime industries. 
The Kattupalli shipyard expansion is also expected to support shipbuilding activities and offshore wind installation projects by strengthening coastal and port-linked infrastructure. Over the years, the facility has emerged as an important asset for India’s maritime and industrial ecosystem, handling shipbuilding, repair and offshore engineering activities. 
Source PTI

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