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Tamil Nadu UK Visit Secures Investment Commitments, Faces Opposition

Tamil Nadu UK Visit Secures Investment Commitments, Faces Opposition
TN CM’s UK visit brings over Rs 12,300 crore investment commitments, 9,400 jobs · thehindubusinessline.com

Tamil Nadu’s chief minister visited the United Kingdom to attract companies and investments to the state.

Companies announced plans involving more than Rs 12,300 crore.

These plans could create over 9,400 jobs.

Samvardhana Motherson made the biggest commitment, worth about Rs 11,000 crore.

Ernst & Young also plans to build a large office centre in Tamil Nadu.

Wilson Power Solutions plans to build a factory in Tiruvallur.

A European vehicle-parts company is considering another Rs 3,000 crore investment.

Opposition parties questioned whether every part of the chief minister’s trip was focused on attracting investment.

Key facts

Total commitments
More than Rs 12,300 crore
Expected employment
More than 9,400 jobs
Largest commitment
Samvardhana Motherson: approximately Rs 11,000 crore over five years
Motherson jobs
Nearly 7,000 positions in engineering and supply chain operations
Ernst & Young commitment
Rs 1,000 crore for a Global Capability Centre and more than 2,000 jobs
Wilson Power Solutions commitment
Rs 300 crore for a manufacturing unit in Tiruvallur, creating 400 jobs
Additional proposal
A European vehicle-parts company identified Tamil Nadu for a proposed Rs 3,000 crore India investment

Quotes

S Keerthana

Tamil Nadu Industries Minister

“The Hon’ble chief minister’s visit to London has secured strong investment commitments across manufacturing, technology and Global Capability Centres. The Rs 11,000 crore investment commitment from Samvardhana Motherson International will create around 7,000 employment opportunities across design, engineering, manufacturing, assembly and logistics.”
thehindubusinessline.com
“More investment. More jobs. More opportunity. Every investment strengthens our economy. Every job strengthens a family. Every new capability strengthens Tamil Nadu.”
thehindubusinessline.com

Sources

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