Tamil Nadu govt signs 97 MoUs, eyes Rs 67,000 crore investment, 1.2 lakh jobs
The Tamil Nadu government inked 97 fresh MoUs for a total investment commitment of over Rs 67,000 crore, in the presence of Chief Minister C Joseph Vijay here on Thursday.
The proposed investments are likely to generate 1.20 lakh jobs, the government said.
The MoUs were exchanged at the TVK government's first "Vettri Tamil Nadu Investors Conclave 2026", marking a major investment milestone since the Tamilaga Vettri Kazhagam formed the government in May.
The pacts signed also in the presence of Industries Minister S Keerthana would create employment opportunities for more than one lakh people across sectors, including automotive, renewables and life science, electronics, R&D and data centre.
"We have a strong mix of green field and brown field capital - consisting of new investors choosing Tamil Nadu for the first time, and companies already having their presence and expanding because they have experienced our workforce, infrastructure, to invest more in the state," Keerthana said on the occasion.
According to her, the cumulative investment commitments in the first 100 days of the new government will cross Rs one lakh crore, generating more than 1.20 lakh job opportunities.
"This is on an average of Rs 1,000 crore of commitment capital for every single day we have been in office. Some would call this a significant milestone, but for us the number is only a small part of the story. Your confidence in our governance is the important story," she told the investors.
Since the TVK formed the government, the number of MoUs signed so far has reached 104 for investments to around Rs one lakh crore, as part of the state government's vision to ensure 1.5 trillion USD economy.
