Tamil Nadu Signs MoUs for €900 Crore Investments

During his visit to San Francisco, Tamil Nadu Chief Minister M.K. Stalin signed six memoranda of understanding (MoUs) with major global tech firms, securing investments totaling ₹900 crore and creating over 4,100 jobs across various sectors in Tamil Nadu. Notable agreements include Nokia's commitment to establish a fixed network R&D lab with an investment of ₹450 crore, and PayPal's plan to set up an AI-focused development center that will employ around 1,000 people. Additional investments from Yield Engineering Systems, Microchip Technology, Infinx Healthcare, and Applied Materials will further bolster the state's job market and technological capabilities. Stalin emphasized Tamil Nadu's advantages in skilled workforce and industrial growth, aiming to transform the state into a trillion-dollar economy. He expressed optimism about attracting more investments during the remainder of his two-week US trip. The deals highlight Tamil Nadu's growing significance as a hub for technology and innovation.