Tamil Nadu Government signs pact with US firms worth 2,666 INR-Crore

Riya Fernandes Sep 12, 2024 0

The Tamil Nadu Government secured investment agreements worth an estimated 2,666 INR-Crore with leading American companies. On Tuesday, September 10, the government signed Memorandums of Understanding (MoUs) with Jabil and Rockwell Automation

Jabil, a global leader in electronics manufacturing, will invest an estimated 2,000 INR-Crore to establish a new electronics manufacturing unit. Located in Tiruchirappalli, this venture will generate 5,000 jobs. 

Also Read: Tamil Nadu Investments: Cabinet approves INR 44,125 Crore for 15 projects

Meanwhile, Rockwell Automation, a major player in industrial automation, will invest around 666 INR-Crore. The company plans to expand its electronics manufacturing unit in Kanchipuram. 

These agreements, creating around 5,365 jobs, reflect the state’s relentless efforts to attract foreign investment. With such ventures, Tamil Nadu is positioning itself as a hub of innovation and industrial growth in India.


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