Tamil Nadu signs investment MoUs worth Rs 2,666 crore in Chicago
The Tamil Nadu government announced on Tuesday that it has secured investment agreements worth over Rs 2,600 crore with American companies during Chief Minister MK Stalin’s ongoing visit to the United States.
The agreements, aimed at boosting the state’s industrial and economic landscape, were signed in the presence of the Chief Minister in Chicago on September 9.
Memorandums of Understanding (MoUs) were signed with Jabil, a global leader in electronics manufacturing services, and Rockwell Automation, one of the world’s largest industrial automation companies.
These agreements are expected to bring in investments totalling Rs 2,666 crore and create 5,365 jobs in the state, according to an official release from the Tamil Nadu government.
Taking to X, Chief Minister Stalin stated, “Key investments secured for Tamil Nadu’s industrial progress!”
Jabil, a Fortune 500 company known for providing electronics manufacturing services and solutions to major clients such as Apple, Cisco, HP, and Dell, committed to setting up a new electronics manufacturing unit in Tiruchirappalli with an investment of Rs 2,000 crore, generating 5,000 jobs. The signing event in Chicago was attended by senior company officials, including Matt Crowley, Executive Vice President of Jabil.