Tamil Nadu signs investment MoUs worth £266.6 mn in Chicago

Wednesday 18th September 2024 07:53 EDT
 

Chicago: Tamil Nadu Chief Minister M K Stalin, who was on an official visit to the US, oversaw the signing of major industrial investment agreements in Chicago, aimed at bolstering the state’s electronics manufacturing and skill development sectors.

The agreements, including investments from Jabil Inc. and Rockwell Automation, are projected to bring in £266.6 mn and create over 5,300 jobs in Tamil Nadu’s Tiruchi and Kancheepuram districts. An additional MoU with Autodesk will enhance youth skills and the industrial competitiveness of the state’s small and medium enterprises. In a significant move to make Tamil Nadu’s position as a manufacturing and technology hub, American multinational Jabil Inc. and industrial automation giant Rockwell Automation have committed to expanding their operations, and both companies signed MoUs with the Tamil Nadu government in a ceremony attended by CM Stalin in Chicago.

Stalin, welcoming the investment, spoke about the state’s growing electronics industry. “Jabil’s foray into Tiruchirappalli will be a crucial anchor investment in the region and will lead to job creation for the local youth and the emergence of a robust electronics supply chain. This welcome move is another testament to the availability of talent and infrastructure in all parts of our state and will further entrench Tamil Nadu’s position as the leader in advanced electronics and innovation,” he said.


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