According to an official communique from the chief minister's office, 16 companies have signed a memorandum of understanding (MoU) to make investments worth Rs 2780 crore in different fields in Tamil Nadu.
Chennai: The state government on Wednesday (September 4) said that more than 16 firms in the US have committed investments to the tune of over Rs 2,700 crore in Tamil Nadu during the ongoing visit of chief minister K Palaniswami to that country.
During investors meet in New York on Tuesday (September 3) that was attended by the chief minister, 16 companies had signed a memorandum of understanding (MoU) to make investments worth Rs 2780 crore in different fields in the state.
The companies included Jean Martin, Scitus Pharma, Novitium Labs, Aspire Consulting and Zillion Technologies.
Besides, Haldia Petrochemicals signed an agreement for an in-principle investment of Rs 50,000 crore to set up a plant.
In an official communique, the chief minister’s office said, "The Chief Minister held direct talks with representatives of various companies to promote investments in the state." The CM highlighted the infrastructure facilities being provided for the smooth running of the business in the state.
"The new investments will benefit youth (in Tamil Nadu) as over 25,000 jobs will be created," it said.
The communique also stated that at the investors meeting attended by higher officials of Caterpillar and Ford Motors, who have already invested in the state, Tamil Nadu was showcased as a preferred destination for investments in the sectors of Fintech, Aerospace and electric vehicles manufacturing.
Tamil Nadu chief minister embarked on a three-nation tour last week, saying the visit aimed at garnering more foreign investments for the state.
Earlier, he had visited the UK and would stopover in Dubai enroute to India, where he would meet potential investors.
Palaniswami is scheduled to return home on September 10.
Read Exclusive COVID-19 Coronavirus News updates, at MyNation.
Last Updated Sep 4, 2019, 12:55 PM IST