Chennai, 23 Nov : , The Tamil Nadu government signed a Memorandum of Understanding with 59 businesses, which will result in investments of Rs 35,208 crore. These deals were made at a Coimbatore investors’ meeting, presided by M.K.Chief Minister.Stalin.
Seven companies are involved in aerospace and defense system manufacturing.This will result in an expected investment of Rs 485 crore.
Stalin stated that Tamil Nadu’s deals were a sign that it is on the right track to becoming a trillion-dollar country.
According to him, despite all the difficulties of Covid-19 as well as natural clamaities such rains and related issues it’s a wonderful moment for Tamil Nadu in order to attract investments.
According to the Chief Minister, it was the third conference on industrial investments in the last five months.
This is an indication of state government efforts to encourage industrial growth and investment.
Stalin laid the groundwork for 13 projects that cost Rs 13.413 crore and launched commercial production in 10 other projects which were worth Rs 3928 million.These projects would provide employment for 92,420 people according to government officials.
Stalin stated that the government aims to make the country the Fintech Capital of the Country, and he issued a fintech policy.
Stalin published a book on defense and aerospace systems.
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