Tamil Nadu Chief Minister MK Stalin embarked on a mission to the United States, aiming to attract significant investments to his state. His first stop was a visit to the headquarters of tech giants Apple, Google, and Microsoft, where he discussed opportunities for investment and partnerships. The Chief Minister expressed his determination to strengthen these collaborations, aiming to solidify Tamil Nadu’s position as a leading economic powerhouse in Asia.
Beyond these tech titans, Stalin also engaged with various US-based companies during his trip, highlighting his commitment to attracting foreign investment. The first day of the visit proved fruitful, with Tamil Nadu securing investments exceeding ₹900 crore, paving the way for 4,100 new jobs across multiple sectors in Chennai, Coimbatore, Madurai, and Chengalpattu.
Specifically, Nokia committed ₹450 crore for a new Research and Development Center in Tamil Nadu, generating 100 jobs. PayPal announced the establishment of an Advanced Development Centre in Chennai, creating 1,000 jobs. Microchip, focusing on semiconductor technology, will set up a new Research and Development Center in Semmancherry, Chennai, at a cost of ₹250 crore, generating 1,500 jobs. Yield Engineering Systems will invest ₹150 crore in a product development and manufacturing facility for semiconductor equipment in Sulur, Coimbatore, creating 300 jobs. Infinx, with its investment of ₹50 crore, will generate 700 jobs. Applied Materials is expected to create 500 jobs.
In addition to his focus on economic growth, Stalin also showcased Tamil Nadu’s rich cultural heritage. He presented the ‘Thadam box – Treasures of Tamil Nadu’ to investors, emphasizing the importance of preserving and promoting traditional crafts. He believes this will provide global platforms and opportunities for skilled artisans, ensuring the continuation and growth of Tamil Nadu’s cultural legacy.
With a positive start and two more weeks of engagements, Stalin remains committed to intensifying his efforts, attracting further investment to Tamil Nadu, and propelling the state towards its goal of becoming a trillion-dollar economy.
