Projects worth ₹8,320-cr get clearance in TN

As many as 26 applications for investments worth ₹8,320 crore have been approved by different agencies of the state government in Tamil Nadu and 20 other applications, worth ₹4,304 crore are pending with authorities beyond the stipulated time limit for single-window approvals, said official sources, and that seven of them worth ₹857.39 crore, have been given in-principle approval. These include the ₹500 crore project of Yanmar Engine Manufacturing India - the plant is to be set up in Gummidipoondi at Mahindra Industrial Park; and the ₹29.15 crore Krisnaveni Carbon Products wherein land is yet to be handed over to the local body. Meanwhile, there are 20 projects worth ₹3,409 crore, for which in-principle approval is yet to be given. These include the ₹62 crore projects by Kone Elevator India and ₹600 crore-Olympia Cyberspace project which is pending for more than three months as the State Environment Impact Assessment Authority (SEIAA) approval is awaited. Applications for nine projects worth ₹1,731 crore are yet to be completed including the ₹47.20 crore project of MRC Mills Private Limited; ₹226.50 crore project of Glovis India' ₹47 crore project of Besco Realty India; ₹108 crore project of Timken Engineering and Research; and the ₹850 crore project of Estancia IT Park.