chennai tamil nadu is betting on its reputation as an auto hub to help it attract investments worth 20000 crore in the next six months the state government said a clutch of companies both homegrown and multinational has either got the green signal for investment plans in the state or are in advanced discussions about projects among the names tamil nadu finance minister o pannerselvam mentioned in his budget speech are yamaha danfoss royal enfield philips carbon sundaram clayton ti group saint gobain sanminasci and nokia while presenting the state budget on monday pannerselvam said that a number of investors including fortune 500 companies have proposed to establish their manufacturing bases in tamil nadu the companies mentioned in the budget are all at an advanced stage of approval by the state government and memoranda of understanding for these projects are expected to be signed very soon he added apart from these 11 companies are also at an advanced stage to finalise their investment plans paneerselvam said among those that have announced new projects is motorcycle manufacturer royal enfield which is setting up its second factory in the state at oragadam sipcot industrial park the plant will require an investment of 350 crore spread over five years and will have an initial installed capacity of 15 lakh units per annum the 50acre facility will go on stream in the first quarter of 2013 currently royal enfield makes 70000 bikes in its existing plant in tiruvottiyur in north chennai sundaram clayton and yamaha have also lined up investments in the state although there has been no official statement from yamaha on its third indian plant sources in the auto industry say the japanese company has more or less decided on chennai yamaha has two plants in faridabad and surajpur in the ncr region sources say having nissan and toyota in the vicinity has upped the souths appeal among japanese investors of course the roster of potential investors includes some nonautomotive names as well we are in talks with the government to expand our operations in sriperumbudur nothing has reached finality yet we are planning series of fresh investments and will make announcements only when we reach a finite stage said b santhanam md saint gobain