Tamil Nadu CM MK Stalin Secures Rs 900 Crores in Investments During US Visit

Tamil Nadu Chief Minister MK Stalin's US visit has led to significant economic gains, with over Rs 900 crores in investments, creating 4,100 jobs. He engaged with major US companies, emphasizing Tamil Nadu's industrial strengths and its march towards becoming a trillion-dollar economy.

Tamil Nadu Chief Minister MK Stalin is on an official visit to the United States, aiming to secure investments to boost economic development. Stalin has engaged with major US-based companies, discussing potential investments in Tamil Nadu, and announced Rs 900 crores in investments on Day 1, creating 4,100 new jobs.

In a post on X, Stalin revealed details: Nokia - Rs 450 crore, 100 jobs; PayPal - 1,000 jobs; Yield Engineering Systems - Rs 150 crore, 300 jobs; Microchip - Rs 250 crore, 1,500 jobs; Infinx - Rs 50 crore, 700 jobs; Applied Materials - 500 jobs. At the San Francisco Investment Conclave, Stalin highlighted Tamil Nadu's economic achievements, its high urbanization rate, and successes in education.

Stalin underscored Tamil Nadu's industrial base, noting it has 39,000 factories and 2.6 million industry workers. He envisions Tamil Nadu as a one trillion-dollar economy, welcoming investments in semiconductors, electronics, and R&D. The CM emphasized the state's business-friendly environment and strong ties with over 300 American companies.

(With inputs from agencies.)