Tamil Nadu Government Signs Major MoUs to Boost Electronics Sector

South Tamil Nadu

Posted by pallavi on 2024-09-11 07:53:36 |

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Recent Agreements

In a significant development, Tamil Nadu Chief Minister M.K. Stalin witnessed the signing of multiple Memoranda of Understanding (MoUs) in Chicago aimed at advancing the state’s electronics sector.

Key Deals

1. Jabil Inc.: An MoU was signed with Jabil Inc. to establish a Rs 2000 crore electronics manufacturing unit in Trichy. This project is expected to generate approximately 5,000 jobs.

2. Rockwell Automation: Another agreement with Rockwell Automation involves expanding their existing electronics manufacturing unit in Kanchipuram, with an investment of Rs 666 crore.

3. Autodesk: The Tamil Nadu Government also signed an MoU with Autodesk to enhance youth skills, boosting the competitiveness of MSMEs and startups within Tamil Nadu's industrial ecosystem.

Impact

These agreements reflect Tamil Nadu’s commitment to strengthening its electronics sector, fostering job creation, and improving industrial competitiveness through strategic partnerships and investments.

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