Rs 11,000-cr investments planned near Chennai
Investments to be made in the Sriperumbudur-Oragadam region, near Chennai, within the next couple of years.
About one lakh jobs are likely to be created.

Our Bureau
Chennai, July 23 Investments of about Rs 9,000 crore, that will lead to creation of over one lakh jobs, are expected to be made in the Sriperumbudur-Oragadam region, near Chennai, within the next couple of years.

These investments will come from the vendors of Nokia (Rs 3,300 crore) and Flextronics (Rs 2,500 crore) and commitments from industries in the two Special Economic Zones promoted by the State Government, viz., SIPCOT Sriperumbudur Hi-Tech SEZ (Rs 1,976 crore) and SIPCOT Oragadam Hi-Tech SEZ (Rs 1,300 crore). This is in addition to the Rs 650-crore investment of Nokia, Rs 450-crore of Flextronics and Rs 270 crore of Dell.

Electronic goods export zone to be set up at Oragadam Tuesday, May 08 2007 17:37 (IST)  

Chennai, May 8 (UNI) The Tamil Nadu Government will set up a new electronic goods export zone at the hi-tech Special Economic Zone at Oragadam, near here, Chief Minister M Karunanidhi told the State Assembly today.

Replying to the demand for grants for Industries department, he said the new export zone, to come up in a 285-acre area, would attract an initial investment of Rs 1,300 crore and offer direct job opportunities to 23,000 people. The Government had decided to set up the new export zone as several companies had come forward to start industries in the State, he added.

Mr Karunanidhi said the export zone would be set up at the hi-tech SEZ, in which SIPCOT had allotted a total area of 351.85 acres to global companies like Dell Computers, Samsung, Motorola, Foxconn and TAPP Semiconductors Limited to set up their manufacturing facilities.