CM Stalin unveils Rs 32,553 cr investments to boost southern Tamil Nadu’s growth

At the TN Rising Investors Conclave in Thoothukudi, CM Stalin said Tamil Nadu is working to industrialise southern districts through major investments and employment initiatives. The state signed 41 MoUs worth Rs 32,553 crore and announced key infrastructure projects.

Thoothukudi (Tamil Nadu): The Tamil Nadu government was systematically working towards attracting huge investments and generating employment in a big way so as to transform the state through economic progress, Chief Minister M K Stalin said here on Monday.

The numerous initiatives taken by the government have ensured that the industrially backward southern districts in the state become equipped and keep pace with the industrial development in other parts of the state, he claimed.

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“We are paying more attention to progress in all sectors such as semiconductor manufacturing, electric vehicle manufacturing, solar cells, green hydrogen production, and information data centers,” the Chief Minister said while speaking at TN Rising Investors Conclave here.

Through these sectors providing highly-paid jobs, a turnaround could be ensured in the economic growth and production environment of Tamil Nadu. “By setting up factories that provide a large number of jobs in underdeveloped districts, the per capita income of the people of that region will increase,” Stalin said.

The industrialisation of the southern districts was the dream of late Chief Minister M Karunanidhi. “That’s why I said at the inauguration of the VinFast factory that this day has become a golden letter day in the development of the south,” he said and recalled that immediately after coming to power in 2021, he had set a target to achieve one trillion dollar economy by 2030.

He made key announcements to transform Thoothukudi and Tirunelveli districts. The four announcements are: establishing a space (industrial and propellants) park in Thoothukudi district on an area of 250 acres to promote the production and technological development of equipment required for the space sector, form a special purpose vehicle to develop a shipyard and repair centre, setting up a common facility centre in Thoothukudi and Tirunelveli districts at a cost of Rs 5.59 crore for Moringa export and cultivation, and establishing a zonal unit of Tamil Nadu Food Processing and Agri Export Promotion Corporation in Tirunelveli district.

The government’s great efforts in the last four years helped to attract 898 projects with an investment of Rs 10.30 lakh and employment potential of 32.945 lakhs, he said. Tamil Nadu continued to attract transformative investments and on Monday the state signed 41 MoUs for an investment of Rs 32,553.85 crore, the government said.

The MoUs were signed in the presence of Chief Minister M K Stalin and state Industries Minister T R B Rajaa at the TN Rising Investors Conclave. The MoUs have a potential to generate 49,845 jobs.

Also, the Chief Minister inaugurated four major projects for a total investment of Rs 1,230 crore aiming to create 3,100 new jobs. Further, the CM gave appointment orders to persons from three companies – Tata Power Solar, Infinix and Pinnacle Info-Tech here.

State Ministers: K K S R Ramachandran, Geetha Jeevan, D M Anbarasan, Anitha Radhakrishnan, and Thoothukudi MP Kanimozhi, Chief Secretary N Muruganandam, Additional Chief Secretary Atul Anand, and district collector K Ilambhavat, were among those who participated.