Latest news with #TaiwanChamberofCommerce
New Indian Express
27-04-2025
- Business
- New Indian Express
Taiwan deal to get Rs 10K crore investment and 20 thousand jobs for Tamil Nadu
CHENNAI: After Industries Minister Dr TRB Rajaa announced the setting up of Taiwanese Industrial Parks to attract Rs 10,000 crore in investments and generate around 20,000 jobs on the state assembly, the state government signed a Memorandum of Understanding (MoU) with the Taiwan Chamber of Commerce. The MoU, signed on Saturday between Guidance Tamil Nadu and the Taiwan Chamber of Commerce, is part of a series of agreements the state will enter into with the chamber to establish clusters, following Friday's announcement, Dr Rajaa said. 'This is one of many such clusters we will create in Tamil Nadu. This park alone has the potential to attract investments worth Rs 1,800 crore and create 5,000 jobs,' Dr. Rajaa said in a social media post on X. Taiwan Chamber of Commerce-India Vice General Simon Lee, Taiwan Chamber of Commerce Chennai President Eric Chang, Industries Department Secretary V Arun Roy, and Guidance Tamil Nadu MD and CEO Darez Ahamed were present at the signing ceremony. 'Taiwanese investments already form a strong pillar of Tamil Nadu's FDI, especially in electronics and footwear. Recognising the need for a dedicated manufacturing space for Taiwanese vendors and companies, we are developing exclusive Indo-Taiwan Industrial Parks, built to international standards,' the minister said. 'On Friday, we made the announcement on the floor of the Tamil Nadu Assembly, and today we have signed the MoU and begun the work. That is the speed and commitment of this government under the leadership of our Honourable Chief Minister MK Stalin,' he added. 'Our bigger ambition is to attract Rs 10,000 crore of Taiwanese investments, creating over 20,000 jobs in focus sectors like electronic components, technical textiles, and footwear components,' the minister said.
Time of India
26-04-2025
- Business
- Time of India
Tamil Nadu, Taiwan chamber sign pact to set up industrial park
Aimed at promoting Taiwanese investments in Tamil Nadu, the state government's investment promotion agency, Guidance Tamil Nadu has signed a memorandum of understanding with Taiwan Chamber of Commerce here on Saturday. The agreement seeks to establish an 'Indo-Taiwan Industrial Park' near the city with an investment potential of Rs 1,800 crore and creation of around 5,000 jobs, Minister for Industries TRB Rajaa said. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" Taiwan Chamber of Commerce-India Vice General Simon Lee, Taiwan Chamber of Commerce, Chennai President Eric Chang, Industries department Secretary V Arun Roy, Guidance MD and CEO Darez Ahamed were present on the occasion. Recognising the need for a dedicated manufacturing space for Taiwanese companies, the government is developing exclusive 'Indo-Taiwan Industrial Parks' that would be built to international standards, Rajaa said in a social media post. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo He noted that investments from the East Asian country already form a strong pillar for Tamil Nadu's Foreign Direct Investments , especially in electronics and footwear sectors. "Chief Minister M K Stalin ensures swift actions in governance. Hence, we in the industries department try to keep up with his pace. Our bigger ambition is to attract Rs 10,000 crore of Taiwanese investments, creating over 20,000 jobs in focus sectors like electronic components, technical textiles and footwear components", he said.
