Tamil Nadu Secures Over Rs 4000 Crore in Investments During US Visit

Tamil Nadu Chief Minister MK Stalin secured several key MoUs with global companies, attracting over Rs 4000 crore in investments during his official visit to the United States. These partnerships aim to boost the state's economy, creating thousands of jobs and advancing various sectors including technology, healthcare, and green energy.

During his official visit to the United States, Tamil Nadu Chief Minister MK Stalin has secured MoUs worth over Rs 4000 crore with various global companies. The noteworthy agreements include Rs 850 crore with US-based companies Lincoln Electric, Vishay Precision, and Visteon, and a significant Rs 2000 crore deal with Trilliant for a manufacturing unit and Global Support Centre.

Engagements extended to vital sectors with further talks held with Nike on expanding footwear production in Chennai and discussions with healthcare firm Optum on developing a talent pipeline. Additional MoUs were signed, including Rs 200 crore with Eaton for an R&D and engineering centre expansion, and Rs 400 crore with Ohmium for a green hydrogen factory in Chengalpattu.

CM Stalin also met with senior representatives from Apple, Google, and Microsoft, leading to a pact with Google to establish AI labs in the state. An investors' conference in San Francisco saw agreements with six companies, Nokia, PayPal, Yield Engineering Services, Microchip, Infinx Healthcare, and Applied Materials, promising Rs 900 crore investments and the creation of 4,100 jobs. These partnerships reinforce Tamil Nadu's commitment to fostering sustainable development and economic growth.

(With inputs from agencies.)