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Tamil Nadu CM explores Tech partnerships in U.S., secures Major Investments

BNE News Desk , August 31, 2024
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San Francisco: Tamil Nadu Chief Minister M.K. Stalin has embarked on a significant visit to the United States, where he toured the offices of leading tech giants Apple, Google, and Microsoft in San Francisco. During his visit, Stalin discussed various opportunities and potential partnerships with these companies, emphasising his commitment to making Tamil Nadu a major growth hub in Asia.

Expressing his enthusiasm on social media platform X, the Chief Minister stated, "An awe-inspiring visit to the offices of Apple, Google, and Microsoft. Discussed various opportunities and exciting partnerships. Determined to strengthen these partnerships and make Tamil Nadu one of the foremost growth engines of Asia!"

The visit is part of a broader effort to attract investments and boost Tamil Nadu's economic development. During his time in the U.S., Stalin also participated in the San Francisco Investment Conclave, where he highlighted Tamil Nadu's economic achievements, including its status as India's second-largest economy, high urbanization rate, and educational advancements.

In a significant boost to the state's economy, the Tamil Nadu government has signed several Memoranda of Understanding (MoUs) with major investors, securing investments totaling over ₹900 crore. These agreements, facilitated by Guidance Tamil Nadu, the state's investment promotion agency, are expected to create 4,100 new jobs across various sectors.

The Key agreements include:

Nokia: A new Research and Development Centre in TamilNadu with an investment of ₹450 crore, generating 100 jobs.
PayPal: An Advanced Development Centre in Chennai, creating 1,000 jobs.
Microchip: A new Research and Development Centre for semiconductor technology in Semmancherry, Chennai, with an investment of ₹250 crore, creating 1,500 jobs.
Yield Engineering Systems: A product development and manufacturing facility for semiconductor equipment in Sulur, Coimbatore, with an investment of ₹150 crore, generating 300 jobs.
Chief Minister Stalin affirmed that his government will continue to build on this momentum in the coming weeks, aiming to attract more investors to Tamil Nadu and advance the state towards its goal of becoming a trillion-dollar economy.