Tamil Nadu brings big-ticket investments across energy, mobility and electronics manufacturing

Tamil Nadu on Sunday announced several big-ticket investments at the inaugural session of the state’s two-day Global Investors Meet (GIM) in Chennai. Various MoUs were inked by the government for investments into the state which included that of Vietnamese EV player VinFast – which is pumping Rs 16,000 crore into the state to set up an EV manufacturing facility in the southern district of Thoothukudi.

The state, which is a hub for electronics manufacturing, saw large investments from firms like Tata Electronics which committed to invest Rs 12,080 crore for mobile phone assembly operations as well as Taiwanese giant Pegatron which said it would be investing up to Rs 1,000 crore to expand production.