Tamil Nadu Secures Major Investments from Top Global Companies

The Tamil Nadu government has secured investment commitments of Rs 900 crore and the creation of 4,100 jobs in Chennai, Coimbatore, and Madurai. MoUs were signed with top companies including Nokia, PayPal, Microchip, and Applied Materials in the presence of Chief Minister M K Stalin during an investors' meeting in San Francisco.

The Tamil Nadu government has successfully secured investment commitments from major companies, totaling Rs 900 crore and promising the creation of 4,100 jobs across Chennai, Coimbatore, and Madurai. This landmark announcement was made after Memorandums of Understanding (MoUs) were signed in San Francisco in the presence of Chief Minister M K Stalin.

Among the deals inked, Nokia committed to setting up a new R&D Center in Chengalpattu, while PayPal will establish an Advanced Development Centre in Chennai. Other notable agreements include investments by Microchip and Applied Materials, bringing significant advancements in semiconductor technology and AI-enabled technology development.

The Chief Minister emphasized that these new investments are part of a broader strategy to attract capital-intensive and employment-generating industries, aiming to transform Tamil Nadu into a USD one trillion economy by 2030. M K Stalin is on a two-week tour of the USA to attract more investors, further cementing Tamil Nadu's position as one of India's leading industrial states.

(With inputs from agencies.)