financetom
Business
financetom
/
Business
/
India's Tamil Nadu to sign pacts for $1.58 billion in new projects by overseas firms, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India's Tamil Nadu to sign pacts for $1.58 billion in new projects by overseas firms, source says
Aug 12, 2026 11:11 PM

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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copper output at Chile's Codelco set to rise this year, CESCO says
Copper output at Chile's Codelco set to rise this year, CESCO says
Apr 22, 2024
SANTIAGO (Reuters) - Chile's state-run copper miner Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century, the head of Chilean copper studies center CESCO said ahead of a major industry conference that starts Monday. Codelco is aiming to produce between 1.325 million and 1.390 million metric tons of copper...
ADM CFO to resign as company faces US government investigation
ADM CFO to resign as company faces US government investigation
Apr 22, 2024
(Reuters) - Grain trader Archer-Daniels-Midland ( ADM ) said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30. Luthar is the highest-level executive to leave the firm since it disclosed accounting issues within its Nutrition division that later triggered two government investigations and forced it to revise six years of financial data. ADM...
U.S. FDA approves ImmunityBio's bladder cancer therapy
U.S. FDA approves ImmunityBio's bladder cancer therapy
Apr 22, 2024
April 22 (Reuters) - The U.S. FDA approved ImmunityBio's ( IBRX ) combination therapy to treat a type of bladder cancer, the regulator said on Monday, which would help bring the company's first product to market. ...
Clearwater Analytics Completes Acquisition of Risk and Performance Analytics Solutions From Wilshire
Clearwater Analytics Completes Acquisition of Risk and Performance Analytics Solutions From Wilshire
Apr 22, 2024
06:00 PM EDT, 04/22/2024 (MT Newswires) -- Clearwater Analytics ( CWAN ) said Monday it completed the acquisition of risk and performance analytics products from Wilshire Advisors. Wilshire Axiom, Wilshire Atlas, Wilshire Abacus and Wilshire iQComposite will be integrated with Clearwater's offerings. Clearwater previously said the assets will cost $40 million and add about $7 million in annualized revenue. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved