Chennai: Tamil Nadu Cabinet on Tuesday approved “structured packages” to eight investment projects worth Rs 7,000 crore, including in electric vehicle (EV) component, footwear, glass manufacturing, and aerospace sectors, that will create over 22,000 jobs.
The Cabinet headed by Chief Minister M K Stalin also approved Tamil Nadu State Port Development Policy which encourages development of small ports in the state on the public-private-participation (PPP) model. Briefing reporters on the Cabinet decisions, Finance Minister Thangam Thennarasu said the new policy will help development of about 17 small ports across the state, which boasts of 1,076-km coastline.
