In a major boost to industrial development in Tamil Nadu, a total of 91 Memorandums of Understanding (MoUs) were signed in the presence of Chief Minister M K Stalin at the ‘TN Rising’ Investors Conclave held in the temple town of Madurai on Sunday. These MoUs attracted investments worth Rs 36,660.35 crore and are expected to create 56,766 job opportunities across various districts of the State. The projects are spread over multiple sectors and are aimed at accelerating industrial growth and strengthening the state’s economy.
Of the total MoUs signed in Madurai, 46 were inked by the Investment Promotion Department, attracting investments of Rs 35,560.15 crore and creating 52,060 jobs. The remaining 45 MoUs were signed by the MSME Department, envisaging investments of Rs 1,100.20 crore and offering 4,706 jobs. This conclave follows similar meets held across the state. At the Coimbatore Investors Conclave on November 25, a total of 158 MoUs were signed, attracting Rs 43,844 crore in investments and creating 1,00,709 jobs. Of these, 111 MoUs were signed by the Industry, Investment Promotion and Trade Department for Rs 42,792 crore and 96,207 jobs, while 47 MoUs by the MSME department accounted for Rs 1,052 crore and 4,502 jobs.
Earlier, the Chief Minister had inaugurated similar TN Rising conclaves in Thoothukudi on August 4 (41 MoUs worth Rs 32,554 crore, creating nearly 50,000 jobs) and in Hosur on September 11 (92 MoUs worth Rs 24,307 crore, with job potential for 49,353 people). These initiatives were further strengthened by Mr Stalin’s European tour in September, during which Tamil Nadu attracted investments worth Rs 15,516 crore through 33 MoUs signed with global firms. This included Rs 7,020 crore from 26 MoUs in Germany, creating 15,320 jobs, and Rs 8,496 crore from 7 MoUs in the UK, generating 2,293 jobs. The largest among them was an MoU with the UK-based Hinduja Group, committing an investment of Rs 7,500 crore in Tamil Nadu.
According to an official release, Tamil Nadu is currently the second-largest economy in India and a leading state in manufacturing and exports. As per the 2024–25 Economic Survey, the State has been performing exceptionally well in attracting investments and generating employment, especially for women. The government is committed to creating more job opportunities for the youth and is working towards achieving the target of making Tamil Nadu a USD 1 trillion economy by 2030 through continuous investment promotion and industrial expansion.