Tamil Nadu secured investment commitments totaling Rs 9,820 crore through multiple Memoranda of Understanding signed during the fourth edition of UmagineTN 2026, the state's premier information technology summit held on Thursday. These agreements are projected to create approximately 4,200 new employment opportunities, reinforcing the state's push toward a technology-driven economy.
Chief Minister MK Stalin, addressing the summit, attributed the state's technological evolution to the Dravidian model of governance, which prioritizes technology as a means of broad social progress rather than isolated economic gains. He highlighted ongoing investments in deep-tech education, progressive data center policies, and long-term research facilities as key factors elevating Tamil Nadu beyond its traditional role as an IT services center into a comprehensive innovation hub.
The MoUs were executed with prominent entities including EROS Gen AI, Better Compute Works Inc, Phantom Digital Effects Limited, Rewin Health, Cube84, and WeLoadin Studio LLP, focusing on advanced industrial and technological investments. Stalin emphasized the state's determination to lead nationally in technology adoption, ensuring inclusive benefits aligned with principles of modernization and social equity.
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In a significant milestone, Stalin launched the Tamil Nadu Deep Tech Startup Policy 2025-26, recognized as the country's first dedicated state-level framework for deep-tech ventures. This comprehensive five-year policy targets support for 100 deep-tech startups, mobilization of Rs 100 crore in combined public and private funding, promotion of technology transfer and intellectual property commercialization, alongside skill development for over 10,000 individuals in cutting-edge deep-tech domains.
Stalin also acknowledged the instrumental role of Information Technology and Digital Services Minister Palanivel Thiaga Rajan in conceptualizing the summit's vision and broadening its engagement with youth and professionals. Drawing historical parallels, he referenced pioneering policies under former Chief Minister M Karunanidhi that positioned technology as an empowering tool for citizens, underscoring the continuity of this inclusive approach in contemporary initiatives.
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