₹67.4K-cr MoUs signed in TN Investors Conclave
Tamil Nadu on Thursday signed 97 memorandums of understanding with 97 companies promising investments to the tune of ₹67,452 crore, the government said
The Tamil Nadu government signed 97 Memorandums of Understanding (MoUs) with 97 companies during the 'Vetri Investment Conclave' in Chennai, promising investments totaling ₹67,452 crore. This commitment is expected to generate over 1,06,998 new jobs in the state, according to Industries Minister S Keerthana. The ruling Tamil Nadu Vikatanmaga Party has received investment promises worth over ₹1 lakh crore since taking office in May 2020.
The MoUs were signed with domestic and foreign companies, with Australia leading the foreign commitments at ₹7,125 crore. The investments will be spread across 19 districts of Tamil Nadu, with Kancheepuram receiving the highest number of projects worth ₹31,004 crore. The chief minister has set an ambitious target of a USD 1.5 trillion economy by 2036, aiming to provide entrepreneurs with confidence and districts like Ramanathapuram with new job opportunities.
Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
