In a resounding boost to Tamil Nadu’s industrial landscape, Chief Minister M.K. Stalin presided over the ‘TN Rising’ investors conclave in Coimbatore where 158 Memoranda of Understanding (MoUs) worth Rs 43,844 crore were signed, promising direct employment to over 1,00,709 individuals across various sectors.

Addressing attempts by opposition parties to portray an exodus of investors from the state, Stalin categorically dismissed such claims as politically motivated misinformation, asserting that detractors unable to stomach Tamil Nadu’s unprecedented growth were deliberately spreading falsehoods to derail the state’s progress over the past four-and-a-half years.

The Chief Minister underlined his administration’s commitment to balanced regional development, revealing that 17 investment conferences conducted since 2021 have yielded 1,160 MoUs totalling Rs 11,40,731 crore in pledged investments—2.5 times higher than the previous regime’s last four years—while generating employment opportunities for more than 34 lakh people through an impressive 80 per cent conversion rate of MoUs into operational projects.

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Stalin highlighted the fierce global competition his government navigates, competing not only with other Indian states but also with nations such as Vietnam and Thailand, through carefully calibrated incentives and a transparent, business-friendly ecosystem that has propelled the state’s startup count from 2,146 in 2021 to an impressive 12,663, underpinned by Tamil Nadu’s abundant pool of skilled, educated youth.

Among the landmark agreements sealed at the conclave were Caliber Interconnects’ Rs 3,000 crore investment in semiconductor and electronic components manufacturing expected to create 4,000 jobs, 47 MSME MoUs worth Rs 1,052 crore generating 4,502 employment opportunities, Mindox’s Rs 398 crore expansion of its Coimbatore facility, and US-based Yield Engineering Systems’ Rs 150 crore commitment to establish a cutting-edge manufacturing and engineering centre in the city.

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