CHENNAI: Kuwait based Al Kharafi plans to set up an oil refinery and a petrochemical manufacturing facility at an investment of Rs 49,000 crore in Tamil Nadu, Chief Minister K Palaniswami said here on Thursday.
The setting up of the refinery would see the southern districts in the state develop like Jamnagar in Gujarat and Jurong Island in Singapore, he said.
The Chief Minister said China-based BYD Group also planned to make investments in the state.
