Tamil Nadu Inks MoU with US-based Business Solutions Firm

The Tamil Nadu government has signed an MoU with US-headquartered Rapid Global Business Solutions, Inc. The firm will establish a new unit in Hosur, investing Rs 100 crore. The MoU was signed during Chief Minister M K Stalin's US tour, which secured investments worth Rs 7,616 crore in total.

The Tamil Nadu government has announced a partnership with US-headquartered Rapid Global Business Solutions, Inc. The company will invest Rs 100 crore to set up a new unit in Hosur. This agreement was formalized in Chicago on September 12 in the presence of Chief Minister M K Stalin.

The MoU was signed by state officials and the company's Chairman and CEO, Nanua Singh, among others. The new unit will focus on electronic and telematics solutions, bolstering the state's industry infrastructure. Industries Minister TRB Rajaa and other state officials were also in attendance.

The Chief Minister's US tour, which began on August 27, resulted in agreements amounting to Rs 7,616 crore with 18 companies. Stalin concluded his trip on September 12, departing Chicago for Chennai, receiving a warm farewell from the Tamil diaspora.

(With inputs from agencies.)