3 months ago
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Sharing information connected the MoUs signed successful Tamil Nadu since mid-2021, Chief Minister M.K. Stalin connected Thursday said 73.53% of the 1,179 agreements had been converted into existent projects.
“This information is for those who person been questioning america implicit the conversion of MoUs,” the Chief Minister said, speaking astatine the Conversion Conclave 2026 successful Chennai.
In an elaborate presumption connected the subject, Industries Minister T.R.B. Rajaa said a full of 1,179 MoUs, entailing a cumulative concern of ₹12.37 lakh crore and the instauration of 36.52 lakh jobs, were signed successful the past 5 years. Of them, 867 projects were successful precocious stages of implementation, helium added. “The conversion complaint is 73.53%, portion 35.11% are operational,” helium said, contending that nary different State had the courageousness oregon the capableness to clasp a conclave to beryllium however MoUs were being converted into investments.
“We ensured distributed maturation crossed each districts successful Tamil Nadu. The absorption was not connected concern numbers; it was connected the fig of jobs, the prime of the jobs, and the determination of the jobs. According to EPFO data, 29.63 lakh jobs person been created implicit the past 4 years. I americium trying to springiness the facts from our side, and I’m besides backing them up with information from the Union government,’ Mr. Rajaa said.
According to the Minister, 18 concern conclaves were held crossed Tamil Nadu, and successful countries including the U.S., Dubai, and the UAE. A full of 1,130 MoUs were signed astatine these conclaves, with a committed concern of ₹10.43 lakh crore and a committed employment for 33.30 lakh people, helium said. With respect to the overseas conclaves, the conversion complaint stood astatine 69.56%, with 26.08% already operational, portion 48 of the 69 MoUs signed were astatine an precocious signifier of implementation, helium added.
Stating that the Dravidian exemplary of governance focuses connected distributed growth, the Minister added, “We person ensured distributed maturation – the bluish portion has grown by 41%, and the confederate portion by 36%.”
“In the cardinal and occidental regions, onshore availability is tough, but we volition bring much investors here,” helium said.
Mr. Rajaa besides showed a illustration highlighting the economical interaction of the investments. He said the State had achieved 11.19% GSDP maturation successful the fiscal twelvemonth 2025, and 36% maturation successful per capita income successful 4 years. The four-year mean successful manufacturing stood astatine 9.38%, $52.07 cardinal (2x maturation successful exports successful a year), 36% maturation successful electronics exports successful 5 years and 14.74% manufacturing maturation successful 1 year.
Two caller MoUs were signed astatine the conclave. One was with Bharat Biotech for bio-similars manufacturing successful Kancheepuram, entailing investments to the tune of ₹5,000 crore. An MoU was besides signed with Hyundai Motors India Foundation for mounting up a accomplishment improvement centre for grooming 7,000 students successful futuristic skills successful Kancheepuram. The ground-breaking ceremonial was held for implicit 70 companies.
Dabur India Ltd, the world’s largest ayurveda company, held the ground-breaking ceremonial for its new, world-class FMCG manufacturing installation astatine Tindivanam. This is Dabur’s archetypal manufacturing works successful southbound India.
