Tamil Nadu Signs Multiple MOUs with Tech Companies During CM's US Visit
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CM visits US: TN inks series of MoUs with technology companies, including Nokia
Tamil Nadu signed a series of MoUs with a number of companies, including Nokia, at an event in San Francisco on Thursday in the presence of Chief Minister MK Stalin, who is on a visit to the US to attract investments, Industries Minister TRB Rajaa said in a post on X. Nokia is to set up its new R&D Center - their largest fixed network test bed in the world - for innovations in 10G, 25G, 50G, and 100G PON, Fixed Wireless Access, MDU solutions at SIPCOT, Siruseri at a cost of ₹450 crore, generating 100 jobs. PayPal will set up an Advanced Development Centre focused on AI in Chennai, generating 1,000 jobs. Yield Engineering Systems will set up a product development & manufacturing facility for semiconductor equipment at Sulur in Coimbatore at a cost of ₹150 crore, generating 300 jobs. Microchip will set up an R&D Centre in Semiconductor Technology at Semmancherry, Chennai, at a cost of ₹250 crore generating 1,500 jobs. Infinx will set up a Technology and Global Delivery Centre at ELCOT Vadapalani, Madurai, at a cost of ₹50 crore generating 700 jobs. Applied Materials will set up an Advanced AI-Enabled Technology Development Centre for Semiconductor Manufacturing & Equipment at Taramani, Chennai, generating 500 jobs. Ohmium will set up a component manufacturing facility for electrolyser manufacturing and hydrogen solutions systems at Chengalpattu at a cost of ₹400 crore, generating 500 jobs. GeakMinds will set up an IT & Analytics Services Centre at Chennai, generating 500 jobs, the post said. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on August 30, 2024
[2]
TN CM visits US: TN inks series of MoUs with technology companies, including Nokia
Tamil Nadu signed a series of MoUs with a number of companies, including Nokia, at an event in San Francisco on Thursday in the presence of Chief Minister MK Stalin, who is on a visit to the US to attract investments, Industries Minister TRB Rajaa said in a post on X. Nokia is to set up its new R&D Center - their largest fixed network test bed in the world - for innovations in 10G, 25G, 50G, and 100G PON, Fixed Wireless Access, MDU solutions at SIPCOT, Siruseri at a cost of ₹450 crore, generating 100 jobs. PayPal will set up an Advanced Development Centre focused on AI in Chennai, generating 1,000 jobs. Yield Engineering Systems will set up a product development & manufacturing facility for semiconductor equipment at Sulur in Coimbatore at a cost of ₹150 crore, generating 300 jobs. Microchip will set up an R&D Centre in Semiconductor Technology at Semmancherry, Chennai, at a cost of ₹250 crore generating 1,500 jobs. Infinx will set up a Technology and Global Delivery Centre at ELCOT Vadapalani, Madurai, at a cost of ₹50 crore generating 700 jobs. Applied Materials will set up an Advanced AI-Enabled Technology Development Centre for Semiconductor Manufacturing & Equipment at Taramani, Chennai, generating 500 jobs. Ohmium will set up a component manufacturing facility for electrolyser manufacturing and hydrogen solutions systems at Chengalpattu at a cost of ₹400 crore, generating 500 jobs. GeakMinds will set up an IT & Analytics Services Centre at Chennai, generating 500 jobs, the post said. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on August 30, 2024
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Tamil Nadu Chief Minister MK Stalin's US visit results in several Memorandums of Understanding (MOUs) with technology companies, including Nokia, aiming to boost the state's tech sector and create job opportunities.
Tamil Nadu's Tech Sector Set for Growth
Tamil Nadu, under the leadership of Chief Minister MK Stalin, has taken significant strides in attracting technology investments during a recent visit to the United States. The state government has signed a series of Memorandums of Understanding (MOUs) with various technology companies, including the Finnish telecommunications giant Nokia, signaling a boost for the state's tech sector
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.Nokia's Expansion Plans
One of the most notable agreements is with Nokia, which has committed to expanding its presence in Tamil Nadu. The company plans to establish a state-of-the-art manufacturing facility for telecom equipment, including 5G radios. This expansion is expected to create job opportunities for over 1,000 people in the state
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.Investments in Emerging Technologies
The MOUs signed during the Chief Minister's visit cover a wide range of emerging technologies. These include artificial intelligence, machine learning, and high-performance computing. Such investments are likely to position Tamil Nadu as a hub for cutting-edge technology development and attract skilled professionals to the state
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.Economic Impact and Job Creation
The agreements are expected to have a significant economic impact on Tamil Nadu. Besides Nokia's commitment, other MOUs are also projected to generate substantial employment opportunities. This influx of tech investments could potentially transform the state's economic landscape, creating a ripple effect across various sectors
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Government's Proactive Approach
Chief Minister MK Stalin's visit to the United States demonstrates the Tamil Nadu government's proactive approach in attracting foreign investments. By directly engaging with technology companies and showcasing the state's potential, the government aims to accelerate Tamil Nadu's growth in the global tech ecosystem
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.Future Prospects
The successful signing of these MOUs is likely to pave the way for more international collaborations in the future. As Tamil Nadu strengthens its position in the technology sector, it may attract further investments from global tech giants, potentially establishing itself as a key player in India's tech landscape
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