Tamil Nadu signs MoUs worth ₹32,554 crore at investors conclave

Chief Minister M.K. Stalin asserted here on Monday that Tamil Nadu would keep rising under the Dravidian-model government. He was addressing the gathering at the TN Rising Investors Conclave.

The Chief Minister inaugurated the commercial production under four projects located in Tirunelveli, Thoothukudi, and Kancheepuram, at cost of ₹1,230 crore. These projects are expected to create employment opportunities for 3,100 people in these regions.

In addition, Memoranda of Understanding (MoUs) were signed in the presence of the Chief Minister for 41 projects across Tamil Nadu, with a total investment of ₹32,554 crore. These projects are expected to create over 49,000 jobs across the State. Of the 41 projects, 19 fall under the micro, small, and medium enterprise (MSME) sector, with a combined investment of ₹265.15 crore.

Speaking at the event, Mr. Stalin said, “The dream that Kalaignar Karunanidhi had for southern Tamil Nadu is now becoming a reality.” Recalling his speech at VinFast manufacturing unit’s inaugural event, he added, “Today is a golden day in the growth of southern districts.”

Noting that this is the second time an investors’ conclave is being held in Thoothukudi, Mr. Stalin highlighted the city’s potential. “We are committed to developing Thoothukudi, a city with a port, rich natural resources, and skilled workforce into an industrially advanced district,” he said.

Mr. Stalin pointed out that special incentives were being provided for the industries setting up operations in the southern industrial parks, which were already equipped with ready-to-use infrastructure.

Projects such as the desalination plant in Thoothukudi, Tidel park in Madurai, and PM Mithra Park in Virudgunagar are being set up in the southern districts. A Tidel park in Thoothukudi and TATA power solar and Vikram Solar in Tirunelveli have already been established, he said.

Mr. Stalin said southern Tamil Nadu was now witnessing an unprecedented level of development. The current government was functioning with the broad objective of inclusive development and growth for all sectors, all districts and all communities. In line with this, the government has been focusing on emerging sectors such as high-tech semiconductor manufacturing, electric vehicle manufacturing, solar cells production, green hydrogen and information technology services.

He announced four projects for Thoothukudi and Tirunelveli districts, including a 256-acre space park and a dedicated ship building industry in Thoothukudi, a common facility centre in Thoothukudi and Tirunelveli at a cost of ₹5.59 crore for moringa export.