2 weeks ago
CM Vijay's Chennai summit seals Rs 67,452-crore investment MoUs
Tamil Nadu is a state in the southern part of India.
A new leader named Chief Minister Vijay, who is also a famous movie star, has been leading the state for about 96 days.
His government wants to bring new companies, money, and jobs to Tamil Nadu.
So they held a big meeting in Chennai called the Vettri Tamil Nadu Investors Conclave.
At the meeting, the government signed special promises called MoUs with 97 companies.
Those companies promised to spend more than Rs 67,000 crore building factories and businesses in the state.
That money could create more than one lakh new jobs for people.
The government wants to collect more than Rs 1 lakh crore of investments in its first 100 days in office.
Counting earlier agreements, it has signed 104 MoUs worth about Rs 1,02,514 crore, which could create more than 1.2 lakh jobs.
Big companies like JK Tyres, Daimler, YKK, and Ultraviolette are among those investing in Tamil Nadu.
Chief Minister C. Joseph Vijay presided over the Vettri Tamil Nadu Investors Conclave 2026 in Guindy, Chennai, on Thursday, August 13, as the TVK government completed 96 days in office.
The government signed MoUs with 97 companies for investments totalling over Rs 67,000 crore, though reports differ on the exact figure (Rs 67,452 crore vs Rs 67,542 crore).
The projects are expected to create between 1,06,998 and 1.20 lakh jobs across sectors including automotive, renewables, life sciences, electronics, R&D, data centres, footwear and space technology.
Including earlier agreements, the first 100 days are expected to yield 104 MoUs worth Rs 1,02,514 crore and 1,21,788 jobs, an average of about Rs 1,000 crore per day in committed capital.
Key commitments include JK Tyres (Rs 5,143 crore in Kanchipuram), Daimler (Rs 4,000 crore R&D upgrade), YKK (Rs 1,651 crore in Tiruvallur) and Ultraviolette (Rs 779 crore in Krishnagiri).
- Who
- Chief Minister C. Joseph Vijay, Industries Minister S. Keerthana, the Tamilaga Vettri Kazhagam (TVK) government, and representatives of 97 investing companies.
- What
- Hosting the Vettri (Victory) Tamil Nadu Investors Conclave 2026 in Chennai and signing 97 MoUs for investments worth over Rs 67,000 crore expected to create over one lakh jobs.
- Where
- Guindy, Chennai, Tamil Nadu, India.
- When
- Thursday, August 13, as the TVK government completed 96 days (around three months) in office.
- Why
- To attract over Rs 1 lakh crore in investment within the government's first 100 days, generate employment, and support CM Vijay's vision of a USD 1.5 trillion Tamil Nadu economy by 2036.
Key facts
- Chief Minister
- C. Joseph Vijay
- Industries Minister
- S. Keerthana
- Event
- Vettri (Victory) Tamil Nadu Investors Conclave 2026
- Location
- Guindy, Chennai
- MoUs signed
- 97 companies
- Investment committed
- Over Rs 67,000 crore (Rs 67,452 crore / Rs 67,542 crore per differing reports)
- Jobs expected
- Over 1 lakh (1,06,998 to 1.20 lakh)
- 100-day MoU total
- 104 MoUs, Rs 1,02,514 crore, 1,21,788 jobs
Quotes
Keerthana Keerthana
Industries Minister of Tamil Nadu
“Before you sign an MoU, you look at the numbers, evaluate the risk, compare us against other states, countries and decide that Tamil Nadu is where you want to put your capital... If you have trusted us with your capital, we have an obligation to make sure that capital moves quickly, productively and predictably”
wionews.com
“"We have a strong mix of green field and brown field capital – consisting of new investors choosing Tamil Nadu for the first time, and companies already having their presence and expanding because they have experienced our workforce, infrastructure, to invest more in the state."”
theprint.in
Sources
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