TN CM Stalin Returns From US After 2-Week Visit, Announces 11,516 New Jobs With Investment Cost Of Rs 7,616 Cr

Speaking at Chennai airport on his arrival, Chief Minister Stalin outlined plans for setting up new factories in several key districts, including Trichy, Madurai, Coimbatore, Chennai, and Krishnagiri.

In total, the state government signed agreements worth Rs 7,616 crore with 18 companies during the Chief Minister’s US tour

Source : X

Tamil Nadu Chief Minister MK Stalin concluded his 17-day official visit to the United States and returned to Chennai on Saturday, bringing back significant investment commitments for the state. Speaking at Chennai airport, CM Stalin highlighted the success of the trip, which resulted in the signing of 19 Memorandums of Understanding (MoUs) and secured investments totaling Rs 7,618 crore. This investment is expected to create 11,516 new jobs across various districts in Tamil Nadu.

CM Stalin US Trip 

Addressing the reporters at the airport, Stalin said, " "I have completed my official visit to America. This was a successful visit. 19 MoUs have been signed. I got an investment of Rs 7618 for the state. 11,516 people will get new jobs. Factories will be set up in Trichy, Madurai Coimbatore, Chennai, Krishnagiri and other districts. There are many companies that have expressed to invest in Tamil Nadu. Ford, which stopped its production has said that they will start their production again in Chennai."

 

Chennai | Tamil Nadu CM MK Stalin says "I have completed my official visit to America. This was a successful visit. 19 MoUs have been signed. I got an investment of Rs 7618 for the state. 11,516 people will get new jobs. Factories will be set up in Trichy, Madurai Coimbatore,… pic.twitter.com/KhnpxNETXz

— ANI (@ANI) September 14, 2024

 

 

One of the significant outcomes of the trip was the signing of an MoU with the US-based Rapid Global Business Solutions, Inc on Friday. The company, which specialises in business solutions across various industries, plans to establish a new unit in Tamil Nadu with an investment of Rs 100 crore. The agreement was signed in Chicago on September 12 in the presence of Chief Minister Stalin. The new electronic and telematics firm is slated to come up in Hosur, promising further economic development for the state.

In total, the state government signed agreements worth Rs 7,616 crore with 18 companies during the Chief Minister’s US tour, aimed at attracting more investments into Tamil Nadu. The tour, which started on August 27, concluded on September 12 with Stalin's departure from Chicago, following a warm send-off by the Tamil diaspora.

Reflecting on his engagement with Tamil diaspora in Chicago, Stalin emphasised the commitment of the Dravidian model of governance to make Tamil Nadu a prime destination for investors.