CHENNAI: Tamil Nadu chief minister M K Stalin on Friday concluded his two-week trip to the US after securing agreements for Rs 7,516crore investments in the state by 17 companies, both for expansion of existing operations and establishing greenfield projects.
On the last leg of his journey, Tamil Nadu govt signed a memorandum of understanding (MoU) with RGBSI to set up an advanced electronics and telematics manufacturing unit at Hosur with an investment of Rs 100 crore. Company’s chairman and chief executive Nanua Singh exchanged an MoU with govt officials in the presence of the chief minister.
Stalin began his trip on August 27. Much of the investments focused on the electronics manufacturing, expansion and setting up of global capability, research and development (GCC & R&D) centres.
Notably, govt signed memorandums of understanding with Applied Materials, Microchip Technology, Nokia, PayPal. Semiconductor component maker Vishay Precision, auto electronics maker Visteon, Apple supplier and electronics manufacturing services (EMS) company Jabil signed MoUs with state govt for setting up manufacturing plants.
Stalin held talks with Ford leadership. And on Friday, the company submitted a letter of intent to the state govt confirming its intention to utilize its Chennai plant for manufacturing for export.
During his visit to San Francisco, Stalin met technology industry executives and invited three major technology firms - Apple, Google and Microsoft. He invited Nike to open a design centre and expand its operations in the state.
The chief minister met various industry executives in Chicago too.
In an X post on Friday, he said, ‘Goodbye, USA!’.
State industries minister T R B Raaja said the chief minister's official visit had garnered thousands of crores of investments and jobs. "(This is) due to his consistent follow ups and sustained confidence building measures over the past three years, which have put TN back on the top as the most attractive investment destination in India," he said. This was only the beginning of even more Investments and jobs to the state, he added.
On the last leg of his journey, Tamil Nadu govt signed a memorandum of understanding (MoU) with RGBSI to set up an advanced electronics and telematics manufacturing unit at Hosur with an investment of Rs 100 crore. Company’s chairman and chief executive Nanua Singh exchanged an MoU with govt officials in the presence of the chief minister.
Stalin began his trip on August 27. Much of the investments focused on the electronics manufacturing, expansion and setting up of global capability, research and development (GCC & R&D) centres.
Notably, govt signed memorandums of understanding with Applied Materials, Microchip Technology, Nokia, PayPal. Semiconductor component maker Vishay Precision, auto electronics maker Visteon, Apple supplier and electronics manufacturing services (EMS) company Jabil signed MoUs with state govt for setting up manufacturing plants.
Stalin held talks with Ford leadership. And on Friday, the company submitted a letter of intent to the state govt confirming its intention to utilize its Chennai plant for manufacturing for export.
During his visit to San Francisco, Stalin met technology industry executives and invited three major technology firms - Apple, Google and Microsoft. He invited Nike to open a design centre and expand its operations in the state.
The chief minister met various industry executives in Chicago too.
In an X post on Friday, he said, ‘Goodbye, USA!’.
State industries minister T R B Raaja said the chief minister's official visit had garnered thousands of crores of investments and jobs. "(This is) due to his consistent follow ups and sustained confidence building measures over the past three years, which have put TN back on the top as the most attractive investment destination in India," he said. This was only the beginning of even more Investments and jobs to the state, he added.
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