Haldia Petrochemicals to invest Rs 50,000 crore in TN unit

Haldia Petrochemicals has signed an agreement to invest Rs 50,000 crore in Tamil Nadu, during the ongoing US visit of Chief Minister Edappadi K Palaniswami.

According to a State government press release, companies like Jean Martin, Aquil Systems, Scitus Pharma, Nurray Chemicals, Novitium Labs, and Jogo Health, among others, have agreed to invest around Rs 2,780 crore in TN.

It added that Haldia Petrochemicals signed the agreement in principle to invest around Rs 50,000 crore to set up a naphtha cracker unit in the state.

According to the statement, the Chief Minister held direct talks with representatives’ of various companies ‘to promote investments’ in the state.

It added that he highlighted the infrastructure facilities being provided for smooth running of the business
in the state. “The new investments will benefit youth in the state, as over 25,000 jobs will be created,” it stated.

Image Credit : www.haldiapetrochemicals.com

Related Projects : Rs.500000 Million New Naphtha Cracker Unit in Tamil Nadu

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