India Inc Unveils Mega Investment Plan For Tn | Chennai News – Times of India



India Inc Unveils Mega Investment Plan For Tn | Chennai News – Times of India

Chennai: The first day of the global investor meet here saw mega investments in renewable energy, electronics and automobiles for Tamil Nadu.
The Tata Group alone is investing close to Rs 67,000 crore in the state across its group companies in power & electronics. In a shot in the arm for TN’s renewable energy goals, Tata Power is making a Rs 55,000 crore investment to set up 10 GW of renewable energy projects with a mix of solar power and wind energy in the next 5-7 years.
Highlighting that Jio has invested Rs 35,000 crore in TN, Mukesh Ambani said in a message that RIL has partnered with Canada’s Brookfield asset management and US-based Digital Reality to set up a state-of-the-art data centre, that will be opened next week. Reliance has committed to making new investments in Tamil Nadu in renewable energy and green hydrogen.
Hyundai has announced an additional Rs 6,000 crore investment for the state over and above the Rs 20,000 crore investment announced last year. The company will also collaborate with IIT-Madras and Guidance Tamil Nadu to set up a hydrogen valley innovation hub. tnn
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India Inc unveils mega investment plan for Tamil Nadu
The global investor meet in Tamil Nadu witnessed mega investments from Tata Group, Jio, and Hyundai. Tata Group plans to invest Rs 67,000 crore in the state, with Tata Power investing Rs 55,000 crore in renewable energy projects. Jio has invested Rs 35,000 crore and is partnering with Brookfield asset management and Digital Reality to open a data centre. Reliance also commits to new investments in renewable energy. Hyundai is investing an additional Rs 6,000 crore and collaborating with IIT-Madras and Guidance Tamil Nadu for a hydrogen valley innovation hub.
Erisha E-Mobility to invest Rs 6,900 crore for green hydrogen, mega EV park
New Delhi-based Erisha E Mobility Private Limited announced a Rs 6,900 crore investment in Gujarat for green hydrogen and electric vehicle park initiatives. The company signed an MoU with the state government to explore renewable energy solutions, focusing on green hydrogen production and establishing an EV park. The investment will also include the deployment of 100 EV charging hubs across Gujarat. Erisha E Mobility aims to set up the ecosystem for green hydrogen using renewable energy resources, with an additional investment of Rs 5,000 crore in Gujarat.
Reliance Industries committed to make new investments in TN: Mukesh Ambani
Reliance Industries, led by Chairman and Managing Director Mukesh D Ambani, has committed to new investments in Tamil Nadu in the renewable energy and green hydrogen sectors. Additionally, Reliance is set to inaugurate a state-of-the-art data centre in partnership with Canada’s Brookfield Asset Management and US-based Digital Reality. Ambani made these announcements during his virtual address at the Global Investors Meet 2024 organized by the Tamil Nadu government. He also expressed confidence in the state government’s support for their forthcoming initiatives to promote sustainable development.





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