Tamil Nadu, under the leadership of Chief Minister M K Stalin, is experiencing a surge in investments, positioning itself as a prime destination for businesses and industries. At the Tamil Nadu Investment Conclave 2024, Stalin inaugurated 19 projects with a collective investment of ₹17,616 crore and laid the foundation for 28 more projects worth ₹51,157 crore. These projects, spanning diverse sectors, are projected to generate over one lakh jobs, with a significant portion allocated for women.
Stalin emphasized Tamil Nadu’s peaceful environment and robust legal framework as key factors attracting investors. He highlighted the state’s reputation for a stable business environment, citing the influx of industries over the past three years. “Industrialists come in search of a peaceful state with good law and order. Businessmen have trust that they can run their business in Tamil Nadu peacefully. This is clear from the fact that many industries have come up in Tamil Nadu in the past three years,” he said at the conclave.
Tamil Nadu’s appeal to investors is further amplified by its skilled workforce, including the largest number of women workers in the country. The state is also recognized for its strong safety record for women. “More than 130 ‘Fortune 500’ companies have chosen Tamil Nadu. The youth of Tamil Nadu are talented and vibrant,” Stalin stated.
Among the notable projects launched are:
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Sembcorp Industries’ green hydrogen/green ammonia manufacturing unit in Tuticorin:
This ₹36,238 crore project signifies Tamil Nadu’s commitment to green energy and sustainable development.*
Greenko Group’s three closed-loop pumped storage projects:
With an investment of ₹20,114 crore, these projects bolster the state’s renewable energy infrastructure.*
Tamil Nadu Engineering and Innovation Centre (TN ENGINE):
A collaborative venture between Tidco and Tata Technologies, TN ENGINE, with a budget of ₹400 crore, aims to drive innovation and technological advancement in Coimbatore.The projects launched also encompass textiles, food processing, medical equipment manufacturing, information technology, and research & development. This diversified approach reflects Tamil Nadu’s dedication to fostering a holistic and future-ready economy.
Tamil Nadu’s success in attracting investments is a testament to its proactive policies, skilled workforce, and commitment to a sustainable and inclusive growth model. The state is poised to become a major player in India’s economic landscape, driven by its forward-thinking approach and strategic partnerships with leading national and international companies.
