Tamil Nadu CM M.K. Stalin Secures Major Investment During US Visit
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TN CM Stalin secures another key investment for state during US visit
In a significant development, Tamil Nadu Chief Minister MK Stalin, who is currently on his official visit to the United States, said that the State government has secured another major investment that will accelerate Tamil Nadu's industrial progress. Stalin said that the state government has inked a memorandum of understanding (MoU) with Autodesk to skill youth and boost MSMEs and startups in the State. Click here to connect with us on WhatsApp The Tamil Nadu government has also secured a significant investment of Rs 2000 crore at the Tiruchirapalli which will create around 5000 jobs in the district. This investment by Jabil will create a new cluster for electronics manufacturing in the district. Rockwell Automation, a company in the industrial automation sector will expand its manufacturing with a Rs 666 crore investment in Kanchipuram which will bring around 365 jobs. This meeting of CM Stalin will overall bring an investment of around Rs 2666 crore and flourish employment with the creation of around 5365 jobs in the state. Taking it to a social media post on X, CM Stalin wrote, "Key investments secured for Tamil Nadu's industrial progress! A significant investment of Rs 2000 crores at Tiruchirapalli by Jabil, a global leader in EMS. This will create 5000 jobs and create a new cluster for electronics manufacturing. Rockwell Automation expanding its manufacturing with a Rs666 crore investment in Kanchipuram, adding 365 jobs. MoU with Autodesk to skill youth and boost MSMEs and startups, strengthening our overall industrial ecosystem." ALSO READ: Apple supplier Jabil to set up Rs 2,000 crore mfg unit in Tiruchirapalli Stalin is currently on an official visit to the United States to secure support and investments aimed at boosting the prosperity of Tamil Nadu. More From This Section LIVE news: Maharashtra BJP chief's son flees after his Audi hits several vehicles in Nagpur Strategies to prevent suicides should address risk factors: Researchers Dharma more than just puja, denotes truth, compassion, says Bhagwat Medic rape-murder: Junior docs' ceasework to continue despite SC's order Large no of health sub-centres in rural India do not have building: Report On September 7, Stalin held a fruitful discussion with the officials of 'BNY Mellon' regarding the potential investment opportunities in AI (Artificial Intelligence). BNY Mellon is a global financial services company that provides investment management and services to help individuals and institutions invest, conduct business, and transact in markets. Earlier on September 6, Stalin said that the state has secured MOUs (memorandum of understanding), worth Rs 850 crores with US-based companies Lincoln Electric, Vishay Precision, and Visteon. Tamil Nadu also secured a Rs 2000 crore Memorandum of Understanding (MoU) with Trilliant to establish a manufacturing unit as well as create their Development and Global Support Centre in the state. Stalin signed MOUs with Eaton, a multinational power management company, for Rs 200 crore R & D and engineering centre expansion in Chennai. On August 31, 2024, an agreement was signed with Ohmium for the establishment of a new factory in the Chengalpattu district for producing electrolysers and green hydrogen, with an investment of Rs 400 crores and creating 500 job opportunities. Stalin said that the deal marked an important step in nurturing the ecosystem for green energy production and fuelling a sustainable future. On August 30, 2024, meetings were held with senior officials from Apple, Google, and Microsoft to invite them to invest in Tamil Nadu, and an MoU was signed with Google to set up artificial intelligence (AI) labs in Tamil Nadu. During the Tamil Nadu CM's US visit, on August 29, 2024, at an investors' conference held in San Francisco, MoUs were signed with six leading global companies--Nokia, PayPal, Yield Engineering Services, Microchip, Infinx Healthcare, and Applied Materials--for an investment of Rs 900 crores to create 4,100 job opportunities. Also Read Apple supplier Jabil to set up Rs 2,000 crore mfg unit in Tiruchirapalli Tamil Nadu CM writes to EAM to secure release of 14 fishermen held by Lanka TN govt signs investment deals worth Rs 850 crore with 3 US companies TN inks MoUs with Lincoln Electric, Visteon for investment worth Rs 850 cr K S Viswanathan appointed managing director of Chennai Super Kings
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Tamil Nadu CM MK Stalin secures another key investment for State during US visit
In a significant development, Tamil Nadu Chief Minister MK Stalin, who is currently on his official visit to the United States, said that the State government has secured another major investment that will accelerate Tamil Nadu's industrial progress. Stalin said that the state government has inked a memorandum of understanding (MoU) with Autodesk to skill youth and boost MSMEs and startups in the State. The Tamil Nadu government has also secured a significant investment of Rs 2000 crore at the Tiruchirapalli which will create around 5000 jobs in the district. This investment by Jabil will create a new cluster for electronics manufacturing in the district. Rockwell Automation, a company in the industrial automation sector will expand its manufacturing with a Rs 666 crore investment in Kanchipuram which will bring around 365 jobs. This meeting of CM Stalin will overall bring an investment of around Rs 2666 crore and flourish employment with the creation of around 5365 jobs in the state. Taking it to a social media post on X, CM Stalin wrote, "Key investments secured for Tamil Nadu's industrial progress! A significant investment of Rs2000 crores at Tiruchirapalli by Jabil, a global leader in EMS. This will create 5000 jobs and create a new cluster for electronics manufacturing. Rockwell Automation expanding its manufacturing with a Rs666 crore investment in Kanchipuram, adding 365 jobs. MoU with Autodesk to skill youth and boost MSMEs and startups, strengthening our overall industrial ecosystem." Stalin is currently on an official visit to the United States to secure support and investments aimed at boosting the prosperity of Tamil Nadu. On September 7, Stalin held a fruitful discussion with the officials of 'BNY Mellon' regarding the potential investment opportunities in AI (Artificial Intelligence). BNY Mellon is a global financial services company that provides investment management and services to help individuals and institutions invest, conduct business, and transact in markets. Earlier on September 6, Stalin said that the state has secured MOUs (memorandum of understanding), worth Rs 850 crores with US-based companies Lincoln Electric, Vishay Precision, and Visteon. Tamil Nadu also secured a Rs 2000 crore Memorandum of Understanding (MoU) with Trilliant to establish a manufacturing unit as well as create their Development and Global Support Centre in the state. Stalin signed MOUs with Eaton, a multinational power management company, for Rs 200 crore R&D and engineering centre expansion in Chennai. On August 31, 2024, an agreement was signed with Ohmium for the establishment of a new factory in the Chengalpattu district for producing electrolysers and green hydrogen, with an investment of Rs 400 crores and creating 500 job opportunities. Stalin said that the deal marked an important step in nurturing the ecosystem for green energy production and fuelling a sustainable future. On August 30, 2024, meetings were held with senior officials from Apple, Google, and Microsoft to invite them to invest in Tamil Nadu, and an MoU was signed with Google to set up artificial intelligence (AI) labs in Tamil Nadu. During the Tamil Nadu CM's US visit, on August 29, 2024, at an investors' conference held in San Francisco, MoUs were signed with six leading global companies--Nokia, PayPal, Yield Engineering Services, Microchip, Infinx Healthcare, and Applied Materials--for an investment of Rs 900 crores to create 4,100 job opportunities.
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Tamil Nadu Chief Minister M.K. Stalin's US visit yields significant investment from Qualcomm, boosting the state's tech sector and job market.
Tamil Nadu Attracts Major Tech Investment
Tamil Nadu Chief Minister M.K. Stalin has successfully secured a significant investment for the state during his ongoing visit to the United States. The Chief Minister's office announced that Qualcomm, a global leader in wireless technologies, has committed to establishing a major facility in Tamil Nadu
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.Qualcomm's Expansion Plans
Qualcomm's decision to invest in Tamil Nadu comes as part of its expansion strategy in India. The company plans to set up a state-of-the-art design center in Chennai, focusing on chip design and development of emerging technologies
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. This move is expected to create numerous high-skilled job opportunities in the region.Economic Impact and Job Creation
The investment is projected to generate employment for approximately 1,600 skilled professionals in Tamil Nadu
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. This influx of jobs is anticipated to have a significant positive impact on the state's economy and further solidify its position as a growing tech hub in India.Government's Proactive Approach
Chief Minister Stalin's efforts to attract foreign investment highlight the Tamil Nadu government's proactive approach to economic development. The state has been actively working to create a favorable business environment and infrastructure to attract global companies
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.Strategic Importance of the Investment
Qualcomm's investment in Tamil Nadu is strategically important for several reasons:
- It strengthens India's position in the global semiconductor industry.
- It aligns with the national government's push for self-reliance in chip manufacturing.
- It enhances Tamil Nadu's reputation as a preferred destination for high-tech investments.
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Future Prospects and Collaborations
The Chief Minister's US visit also included meetings with other potential investors and technology companies. These engagements are expected to pave the way for future collaborations and investments in various sectors, including information technology, renewable energy, and manufacturing
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.Conclusion of the US Visit
As Chief Minister Stalin concludes his US visit, the Qualcomm investment stands out as a major achievement. It not only boosts Tamil Nadu's economic prospects but also reinforces India's growing importance in the global technology landscape. The success of this visit is likely to set the stage for more such international engagements aimed at fostering economic growth and technological advancement in the state.
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