Tamil Nadu Inks Deal with Microchip, Nokia, PayPal to Boost Investments
The Tamil Nadu government, under Chief Minister M K Stalin’s leadership, has secured agreements with major investors like Microchip, Nokia, and PayPal during a visit to the USA. The deal includes setting up an R&D Centre in semiconductor technology by Microchip at a cost of Rs 250 crore and a Nokia R&D Center at Rs 450 crore. The goal is to generate thousands of job opportunities and propel the state towards a USD one trillion economy by 2030.
Additionally, agreements were signed with companies like Applied Materials, Ohmium, GeakMinds, and PayPal for various development and manufacturing projects across the state. Chief Minister Stalin is also set to engage with the Tamil community and Fortune 500 company CEOs during his trip to further encourage investments in Tamil Nadu.
With a strategic focus on economic growth and job creation, Tamil Nadu is making significant strides in attracting global investments. Stay tuned for more updates on this exciting development.
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