Tamil Nadu government signs MoU with Big Tech to invest Rs 1,003 crore in Kanchipuram
CHENNAI: A fortnight after successfully attracting investments worth Rs 6.6 lakh crore at the third edition of the Global Investors Meet, the Tamil Nadu government on Tuesday tied up with Bharat Innovative Glass Technologies Pvt Ltd (BIG Tech) for an investment of Rs 1,003 crore. Signed a memorandum of understanding. At Pillaippakkam SIPCOT in Kanchipuram.
An MoU was signed between Guidance Tamil Nadu and Bharat Innovative Glass Technologies Pvt Ltd, a joint venture of US-based Corning International Corporation and Indian firm Optimus Infracom Ltd, in the presence of Chief Minister MK Stalin at the state secretariat on Tuesday.
The factory to be set up at SIPCOT in Kanchipuram to manufacture front covers of mobile phones will generate 840 jobs, an official release from the state government said, adding that the front covers will be manufactured for the first time in the country. . Precision glass processing technology will be supplied to panel and mobile phone manufacturers.
According to the official release, Corning International Corporation, headquartered in the US, is one of the Fortune 500 companies that specializes in manufacturing reinforced Corning Gorilla Glass, widely used in mobile phones, laptops and palmtops.
Stating that the state government is making efforts to attract capital intensive high-tech industries and employment intensive industries in the state, the government release said that as a part of the efforts, the government has signed MoUs worth Rs 6.64 lakh crore. Have signed. Capable of generating 26.90 lakh direct and indirect employment in the state.
