2 weeks ago
Tamil Nadu secures Rs 67,452 crore investments from 97 firms
Tamil Nadu is a state in India, and its new government wants more companies to build things there.
It held a big meeting called the Vettri Tamil Nadu Investors Conclave in Chennai.
At the meeting, 97 companies promised to spend more than Rs 67,452 crore in the state.
That is a very large amount of money.
The companies will build factories for electric vehicles, solar power, tyres, rockets, watches, and robots.
The government says these projects will create about 1.20 lakh new jobs for people.
Since the new government started in May, companies have promised around Rs 1 lakh crore in total.
The government also promised to approve licences within 21 days.
Its big goal is to help Tamil Nadu grow its economy to USD 1.5 trillion by 2036.
The Tamil Nadu government signed MoUs with 97 firms securing investment commitments of over Rs 67,452 crore at its first 'Vettri Tamil Nadu Investors Conclave 2026' in Chennai.
The investments are expected to generate about 1.20 lakh jobs across sectors including automotive, renewable energy, life sciences, electronics, research and development, and data centres.
Cumulative investment commitments during the TVK government's first 100 days are set to cross Rs 1 lakh crore, with 104 MoUs signed since it came to power in May.
Major commitments include Rs 7,000 crore by Avid DEM, Rs 5,143 crore by JK Tyre, Rs 4,000 crore by Daimler India Commercial Vehicles, and Rs 2,500 crore each by Hinduja Group and Lucas TVS.
Skyroot Aerospace and Agnikul Cosmos will set up aerospace facilities in Tuticorin, and 25 companies are making their first investment in the state.
- Who
- Tamil Nadu Industries Minister S Keerthana and 97 firms including Hinduja Group, Skyroot Aerospace, Daimler India Commercial Vehicles, JK Tyre and Avid DEM.
- What
- Signed MoUs committing over Rs 67,452 crore in investments expected to create about 1.20 lakh jobs.
- Where
- Chennai, Tamil Nadu, India, with projects planned in districts such as Kanchipuram, Tuticorin, Krishnagiri, Hosur, Thiruvallur and Coimbatore.
- When
- Thursday, during the TVK government's first 'Vettri Tamil Nadu Investors Conclave 2026', within its first 100 days in office after coming to power in May.
- Why
- To boost investment and jobs, support future-ready industries, reduce bureaucratic delays, and advance the state's vision of a USD 1.5 trillion economy by 2036.
Key facts
- Total investment commitments
- More than Rs 67,452 crore
- Firms signing MoUs
- 97 (plus 7 institutional MoUs)
- Expected jobs
- About 1.20 lakh
- Event
- Vettri Tamil Nadu Investors Conclave 2026 (TVK government's first)
- Largest commitment
- Avid DEM - Rs 7,000 crore (mining, healthcare, mobility)
- 100-day commitments
- Over Rs 1 lakh crore across 104 MoUs
- New investors
- 25 companies investing in Tamil Nadu for the first time
- Approval timeline
- 21 days for licences and MoUs
Quotes
K E Raghunathan
National Chairman of the Association of Indian Entrepreneurs
“"The CM’s direct interaction with investors, minimal protocol, no separate podium, recognition of medium and small investors, and the focus on MoUs, plant inaugurations and appointment letters made the event different from conventional investment summits."”
theprint.in
“"We have a strong mix of greenfield and brownfield capital, consisting of new investors choosing Tamil Nadu for the first time and companies already present in the state and expanding after experiencing our workforce and infrastructure."”
theprint.in
Sources
Related news
CM Vijay's Chennai summit seals Rs 67,452-crore investment MoUs
CM Vijay to inaugurate Tamil Nadu's maiden investment conclave
Vijay Government Secures ₹1 Lakh Crore in First 100 Days
DMK questions TVK government MoUs, says 75% from previous tenure
Skyroot Aerospace announces Rs 250 crore Tamil Nadu facility
Hinduja Group Announces ₹2,500-Crore Tamil Nadu Investment For Renewable Energy
Tamil Nadu Bill Sets 21-Day Cap on Business Clearances
Tamil Nadu Plans Statewide Industrial Expansion for 2026–27
Tamil Nadu’s Parandur Airport Debate Becomes Son-in-Law Clash
Malaysia Woman Mistaken for Keerthana Faces Online Abuse
Tamil Nadu’s Next Growth Phase Targets Value Over Volume
