Tamil Nadu Secures Major US Investment Deals

Tamil Nadu Chief Minister M K Stalin secured significant investments during his visit to the United States, aimed at boosting the state's technological and economic development. Ohmium International committed Rs 400 crore for a green energy manufacturing facility in Chengalpattu, expected to generate 500 jobs. Additionally, an MoU was signed with Google to establish AI labs and train 2 million youths in AI capabilities. The state also inked deals totaling over Rs 900 crore with companies like Nokia, PayPal, and Microchip, promising to create over 4,100 jobs. Nokia will establish a new R&D center in Chengalpattu with an investment of Rs 450 crore, while PayPal is set to create an Advanced Development Centre in Chennai, generating 1,000 jobs. These initiatives are part of Tamil Nadu's mission to become a $1 trillion economy by 2030.