CHENNAI, Aug 13 (Reuters) - India's Tamil Nadu state is set
to sign agreements worth about 150.5 billion rupees ($1.58
billion) for more than a dozen new projects by overseas
companies, a government source said on Thursday, part of a
broader push involving nearly 100 pacts.
The state government said in a newspaper advertisement that
it would sign 97 agreements worth 674.52 billion rupees,
creating more than 100,000 jobs. The source said the total
includes investments by Indian companies and expansions at
existing facilities.
This is the first investment conclave since
actor-turned-politician Joseph Vijay became chief ministerin
May, as his administration seeks to invite more business in
India's top manufacturing state.
The source also said the new projects include a roughly 5
billion-rupee investment by U.S. server maker Super Micro
Computer ( SMCI ) and 20 billion rupees by France-based
construction group Saint-Gobain.
Saint-Gobain, Super Micro and the Tamil Nadu government did
not immediately respond to requests for comment.
($1 = 95.3550 Indian rupees)