Tamil Nadu Unveils 158 Investment MoUs Worth ₹43,844 Crore at Coimbatore Conclave
The event served as a rebuttal to claims that investments are leaving the state.
Overview
- Tamil Nadu signed 158 MoUs totaling ₹43,844 crore at the TN Rising Coimbatore conclave, with the state projecting 100,709 jobs.
- Organizers said 111 agreements account for ₹42,792 crore, while 47 MSME MoUs add ₹1,052 crore.
- New manufacturing pledges include Sakthi Aircraft’s trainer aircraft unit in Tirupur (₹500 crore, 1,200 jobs), Caliber Interconnects’ semiconductor and power electronics facility (₹3,000 crore, 4,000 jobs), MindOx Techno’s semiconductor equipment plant (₹398 crore, 460 jobs), and Cingularity’s drone unit (₹50 crore, 500 jobs).
- News Today reported an MoU by Ford with the state Guidance Bureau, alongside plans from Mahindra & Mahindra and Bosch for software-defined vehicle R&D hubs and an LMW expansion.
- At the event, Chief Minister M. K. Stalin rejected narratives of capital flight and cited a high MoU conversion rate and expanding company and startup counts.