Chennai: The Anil Dhirubhai Ambani group on Saturday unveiled Rs 12,000 crore investment plan in Tamil Nadu.
The plan includes Rs 10,000 core Special Economic Zone (SEZ), encompassing a power project and desalination plant and Rs 2,000 crore project in the Information Technology (IT) sector.
The group's chairman Anil Ambani made the proposal for investment to Chief Minister M Karunanidhi during a meeting in Chennai on Saturday.
"We are encouraged by the buoyancy of the investment climate in the state and we have made two specific proposals for the consideration of the government.
Our proposal number one was to build a multi-product SEZ, with a core of thousand mega watts of power linked with a desalination plant for water.
“The amount of water that we will produce would be close to nearly 30 percent of the current shortage in Chennai," Ambani said.
"The second proposal that we made was about an IT park with a world class convention centre considering that pretty much on a global basis people now look at Tamil Nadu and Chennai as the IT destination of India," he added.
Tamil Nadu is the second largest software exporting state in India with exports exceeding $1.34 billion.
The state with 22 universities, 250 Engineering Colleges, 207 Polytechnics and 526 IT Institutes churns out 75,000 engineering graduates a year including more than 35,000 IT specialists.
Capital Chennai boasts of modern IT and biotech parks like TIDEL Park and the upcoming TIDCO Centre for Life Sciences Bio-park (TICEL).
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