The Tamil Nadu Cabinet cleared over Rs 9,000 crore worth of investment proposals in automobile and engineering sectors. Among the investment plans is Rs 4,000 crore for a tyre manufacturing unit by Michelin of France. The State Government has also determined to change some of the structured incentives extended for the Rs 4,150-crore The Cabinet, which met on Aug 30, cleared a slew of investment plans. These comprise: Rs 4,000 crore infusion by Michelin, France, for a tyre manufacturing unit in Thiruvallur to the North of Chennai; Rs 2,512-crore investment by Cethar Vessels in Tiruchi to manufacture boiler components and electricity generation equipment; Rs 1,500 crore investment by Harsha Group for oil and gas engineering equipment; Rs 350 crore project by Doosan Infracore to establish a manufacturing unit for construction equipment and components at the SIPCOT industrial estate, Pillaipakkam, in Kanchipuram District; a Rs 250-crore manufacturing unit by Delphi, USA, for making automotive electronic components; and Rs 460 crore by DCW Group for an integrated facility for caustic soda other chemicals.
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