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  Natronix-SPEL has signed a MoU with Government of Tamil Nadu for 500 Crore investment
  during the Global Investors Meet
  Sep 10, 2015
 



The Government of Tamil Nadu (GoTN) recently organized a Global Investor's Meet in Chennai on Sep 9 & 10, 2015. It was inaugurated by the Honourable Chief Minister of Tamil Nadu, Selvi J. Jayalalithaa. The Meet was attended by Business Delegates from various Corporates, Diplomats & Government Officials from India and all over the World. The Meet focused on attracting Global Investments to the State of Tamil Nadu, highlighting the various infrastructure & incentives offered by the GoTN.

During  the  meet,  the GoTN   had  signed  MoUs  worth 242,160  Crores  (approximately  US$37Bln) covering industries  including   Manufacturing,   Energy,  IT  &  other   sectors.   Natronix-SPEL  represented by D. Balakrishnan, CEO of SPEL, signed a MoU for 500 Crores (US$ 76Mln) investment.

Natronix-SPEL has planned major expansions in its existing facility at Chennai. The Global Investor Meet was a perfect platform to announce this to the world. Natronix-SPEL is looking to expand its OSAT capacity with introduction of Advanced Packaging technologies like BGA & MEMS. Besides this, Natronix-SPEL is also keen on investing in Smartcard Module Manufacturing & Chip Design

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