Page 16 - The Indian EYE 091324

NORTH AMERICAN Newsline SEPTEMBER 13, 2024 | The Indian Eye 16

M K STALIN in US

Tamil Nadu CM signs MoUs worth millions

of dollars with top US firms

At the San Francisco Investment Conclave, the Tamil Nadu CM highlighted the state’s economic

achievements, including its status as India’s second-largest economic state

OUR BUREAU
Chicago, Il
n September 4, 2024, in Chicago, a MoU
was signed with Trilliant Networks for an
Oinvestment of Rs. 2000 crore to set up a
Development & Global Support Centre and a pro-
duction facility in Tamil Nadu. Additionally, Chief
Minister Thiru. M.K. Stalin met with senior offi-
cials from Nike, a leading global manufacturer of
sports footwear and apparel, and Optum, a leading
healthcare company, inviting them to explore new
business investments in Tamil Nadu.
Tamil Nadu is emerging as a highly conducive
state for starting businesses in India due to its
skilled young workforce, women’s education and
development, achievements in higher education,
and quality infrastructure. Chief Minister Thiru.
M.K. Stalin is undertaking an official visit to the Chief Minister M.K. Stalin in a meeting with investors during his visit to the United States, in San Francisco on Friday (ANI)
USA to attract more companies and investments
to Tamil Nadu. The Tamil Nadu government has signed an The Tamil Nadu government has signed a
During this visit, the Chief Minister met with MoU with Google to set up Artificial intelligence Memoranda of Understanding (MoUs) with sev-
representatives from major global companies, in- labs at Guidance, the state government’s invest- eral investors, including Nokia, PayPal, Microchip,
cluding Nokia, PayPal, Yield Engineering Systems, ment promotion agency, to skill 2 million young- and Yield Engineering Systems, during CM MK
Microchip Technology, Infinx Healthcare, and Ap- sters in AI, said Industries Minister T.R.B. Rajaa. Stalin’s visit to the United States.
plied Materials in San Francisco. The MoU was signed during Tamil Nadu These agreements were signed by Guidance
MoUs were signed with these companies for Chief Minister MK Stalin’s visit to Google’s head- Tamil Nadu, the state government’s investment
an investment of Rs. 900 crores, creating 4,100 job quarters here. The Chief Minister is currently on promotion agency, in the presence of Chief Minis-
opportunities. Also, he met with senior officials an official visit to the United States, aiming to se- ter MK Stalin and Industries Minister TRB Rajaa.
from Apple, Google, and Microsoft, inviting them cure support and attract investments to boost the Earlier, speaking at the San Francisco Invest-
to invest in Tamil Nadu, and signed an understand- state’s economic development. ment Conclave, the Tamil Nadu CM highlighted
ing agreement with Google for setting up AI re- Tamil Nadu Minister TRB Rajaa said that the state’s economic achievements, including its
search labs in Tamil Nadu in collaboration with with Stalin’s US visit, Tamil Nadu is racing into a status as India’s second-largest economic state, its
Naan Mudhalvan Scheme, and with Ohmium for new era of tech. “With this partnership, we aim to high rate of urbanization, and notable accomplish-
establishing a new factory in Kancheepuram dis- skill 2 MILLION youngsters in AI via Naan Mud- ments in education.
trict with an investment of Rs. 400 crores, provid- halvan, collaborate with startups, and enable MS- These agreements were signed by Guidance
ing 500 job opportunities. MEs and the rural economy. We want our youth to Tamil Nadu, the state government’s investment
On September 3, 2024, in Chicago, MoUs be a future-ready workforce,” he added. promotion agency, in the presence of Chief Minis-
were signed with Eaton for an investment of Rs. Stalin has also visited the offices of Apple and ter MK Stalin and Industries Minister TRB Rajaa.
200 crores to expand its production facility in Microsoft in San Francisco and discussed “vari- As per the agreements, Nokia will establish a
Chennai and establish a research and development ous opportunities and exciting partnerships” with new Research and Development Centre in Tamil
and global application engineering center. An un- these tech companies. Nadu at a cost of Rs 450 crore, generating 100 jobs,
derstanding agreement was also signed with Assur- “An awe-inspiring visit to the offices of Apple, while PayPal will set up an Advanced Develop-
ant for setting up a global capability center (GCC) Google and Microsoft. Discussed various oppor- ment Centre in Chennai, creating 1,000 jobs.
in Chennai. In total, MoUs were signed with 10 tunities and exciting partnerships. Determined Microchip will establish a new Research and
companies. to strengthen these partnerships and make Tamil Development Centre for semiconductor technolo-
Following this, on September 4, 2024, in Chi- Nadu one of the foremost growth engines of Asia!” gy in Semmancherry, Chennai, at a cost of Rs 250
cago, an understanding agreement was signed with CM Stalin posted on X on Saturday. crore, generating 1,500 jobs.
Trilliant Networks, and the Chief Minister invited Rajaa said that under the leadership of Stalin Yield Engineering Systems will set up a prod-
senior officials from Nike and Optum to consider Tamil Nadu is powering forward with global part- uct development and manufacturing facility for
new business investments in Tamil Nadu. The de- nerships that will drive the state towards becoming semiconductor equipment in Sulur, Coimbatore,
tails are as follows: a trillion-dollar economy. at a cost of Rs 150 crore, generating 300 jobs.

www.TheIndianEYE.com