Dubai firm to invest Rs 15,000-mn in Tamil Nadu

Chennai: The Dubai-based Harsha Group, a diversified entity promoted by NRIs, is to invest Rs 1,500 crore in Tamil Nadu to set up manufacturing and R&D facilities.

The group which has a presence in producing drilling equipment for oil and natural gas and float glass manufacturing plans to set up three facilities in Tamil Nadu at a total investment of Rs 1,500 crore generating over 1,500 jobs.

Officials from the group entered into an agreement with the State Government committing to the investment with facilities to come up in the industrial belts in the Chennai suburbs, according to an official press release.

The company plans to set up a manufacturing facility at the SIPCOT (State Industres Promotion Corporation of Tamil Nadu) industrial estate at Pillaipakkam for drilling equipment for the oil and natural gas industry.