TN Rising: Stalin Signs 158 MoUs, Secures ₹43,844 Cr. Investment

At the TN Rising Investment Conclave, Tamil Nadu Chief Minister M. K. Stalin presided over the signing of 158 MoUs, totaling ₹43,844 crore in investments and expected to generate employment for 1,00,709 people.

Among the major announcements, Sakthi Aircraft Industry will set up a state-of-the-art two-seater trainer aircraft manufacturing unit in Tirupur district with an investment of ₹500 crore, creating 1,200 high-skilled jobs. This will be the first facility of its kind in the state, positioning Tamil Nadu at the forefront of India’s aerospace sector. Other significant investments include Cingularity Aerospace’s drone manufacturing facility in Krishnagiri (₹50 crore, 500 jobs) and MindOx Techno’s semiconductor plant in Coimbatore (₹398 crore, 460 jobs).

Additionally, Caliber Interconnects will invest ₹3,000 crore in a semiconductor and power electronics plant, generating employment for 4,000 people. Chief Minister Stalin highlighted that the state’s strategic and forward-looking industrial policies are set to elevate Tamil Nadu to global competitiveness.

News by Rahul Yelligetti.