TN Seals Historic Deals for ₹43,844 cr, Paves Way for Aerospace Revolution
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{ "title": "TN Seals Historic Deals for ₹43,844 cr, Paves Way for Aerospace Revolution", "article": "Tamil Nadu has made a groundbreaking announcement at the TN Rising investment conclave in Coimbatore, with 158 Memoranda of Understanding (MoUs) worth ₹43,844 crore. These agreements are expected to create 1,00,709 jobs and cement the state's position at the forefront of India's aerospace revolution. Sakthi Aircraft Industry is set to establish a cutting-edge 2-seater trainer aircraft manufacturing unit in Tirupur district, investing ₹500 crore and generating 1,200 high-skilled jobs. This will be the state's first trainer aircraft manufacturing facility, marking a significant milestone in India's aviation sector. Cingularity Aerospace will establish an advanced drone manufacturing facility in Krishnagiri district, investing ₹50 crore and creating 500 high-skilled jobs. This move will further solidify Tamil Nadu's position as a leader in aerospace, UAV, and defence manufacturing. Other notable agreements include: * MindOx Techno's ₹398 crore investment in a semiconductor equipment manufacturing facility in Coimbatore district, creating 460 jobs. * Caliber Interconnects' ₹3,000 crore investment in a semiconductor and power electronics manufacturing facility in Coimbatore district, generating 4,000 high-skilled jobs. * Mahindra & Mahindra's R&D centre for software-defined vehicles and advanced automotive technologies at SVB Tech Park. * Bosch Global Software Technologies' Centre of Excellence for Software-Defined Vehicles in Coimbatore district. * LMW Group's expansion project. Chief Minister M K Stalin welcomed the new investors and thanked those who have chosen to invest in the state again. He emphasized the government's commitment to supporting industrial growth and elevating Tamil Nadu to global standards. The state government has been planning industrial development 25 years ahead of other states, earning the trust of many companies and investors."
