The Tamil Nadu government on Tuesday said it has signed investment agreements worth over Rs 2,600 crore with American companies during Union Minister MK Stalin’s ongoing visit to the US.
MoUs were signed with Jabil, a leading provider of electronics manufacturing services, and Rockwell Automation for investment and expansion activities in the state.
In the presence of CM Stalin in the US city of Chicago, the government on September 9 signed MoUs with Jabil and Rockwell Automation for investments of Rs. 2,666 crore, creating 5,365 jobs, an official release said here.
The press release states that Jabil is a leading provider of electronics manufacturing services and solutions to major companies such as Apple, Cisco, HP and Dell. It has manufacturing facilities in China, India, Malaysia, Mexico, Singapore and the US.
An MoU was signed between the Government of Tamil Nadu and the Fortune 500 company for setting up an electronics manufacturing unit in Tiruchirappalli with an investment of Rs. 2,000 crore, creating 5,000 jobs. The event was attended by senior officials of the company, including Matt Crowley, Executive Vice President.
The government also signed a pact with Rockwell Automation, one of the world’s largest companies in industrial automation and digital transformation, headquartered in Milwaukee, Wisconsin, USA. This is also a Fortune 500 company, the press release said.
An MoU was signed with the company for expansion of its electronics manufacturing unit in Kanchipuram at an investment of Rs. 666 crore.
Further, an agreement was signed with Autodesk to enhance the skills of the youth in Tamil Nadu and increase the competitiveness of SMEs and startups in the industrial ecosystem.
Autodesk is an American multinational corporation that provides software products and services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries. The company has more than 14,000 employees worldwide and is also a Fortune 500 company.
“Major investments secured for the industrial progress of Tamil Nadu!” Stalin wrote on his ‘X’ account.
The Minister of Industry, TRB Rajaa, was present on the occasion.
He said the MoU with Jabil was an important milestone in the industrial journey of Central Tamil Nadu and for creating huge employment opportunities for the people of the surrounding areas of Tiruchirappalli, Pudukkottai, Madurai, Dindigul, Karur and Thanjavur districts.
“During this visit, in the presence of the Chief Minister, MoUs worth Rs 4,350 crore were signed with 14 leading international companies in San Francisco and Chicago. He (CM) also invited senior officials from various leading companies worldwide to invest in Tamil Nadu,” the press release added.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
