Tamil Nadu CM Stalin Signs Rs 8.5 bn MoUs with Lincoln, Vishay, Visteon
POWER & RENEWABLE ENERGY

Tamil Nadu CM Stalin Signs Rs 8.5 bn MoUs with Lincoln, Vishay, Visteon

Tamil Nadu Chief Minister MK Stalin announced that the state had secured Memorandums of Understanding (MOUs) worth Rs 8.5 billion with US-based companies Lincoln Electric, Vishay Precision, and Visteon. In a social media post on "X," Stalin remarked that every new day in the land of opportunities brings fresh hopes. He highlighted that the MOUs with these companies were a significant step toward realizing the state's vision, attributing this progress to relentless effort and determination.

The previous day, Tamil Nadu had finalized a Rs 20 billion MOU with Trilliant to establish a manufacturing unit and create a Development and Global Support Centre within the state. Stalin expressed excitement about this development, noting that the partnership with Trilliant was valuable.

Additionally, Stalin reported having productive discussions with Nike regarding the expansion of footwear production in Chennai and engaging with healthcare firm Optum to develop a talent pipeline in the state. Earlier, Stalin had signed MOUs with Eaton, a multinational power management company, for a Rs 2 billion expansion of their R&D and engineering centre in Chennai. These MOUs were expected to create 500 jobs. He also mentioned a pact with Assurant, a risk management solutions provider, to set up the first Global Capability Centre in the state.

During his official visit to the United States, Stalin secured several other agreements. On August 31, 2024, an agreement was signed with Ohmium to establish a factory in Chengalpattu district for producing electrolysers and green hydrogen, with an investment of Rs 4 billion and the creation of 500 jobs. Stalin described this deal as a crucial step toward fostering a green energy ecosystem and promoting sustainability.

On August 30, 2024, Stalin held meetings with senior officials from Apple, Google, and Microsoft to invite them to invest in Tamil Nadu and signed an MoU with Google to set up artificial intelligence (AI) labs in the state.

Furthermore, on August 29, 2024, during an investors' conference in San Francisco, Stalin oversaw the signing of MOUs with six prominent global companies "Nokia, PayPal, Yield Engineering Services, Microchip, Infinx Healthcare, and Applied Materials" committing Rs 9 billion and creating 4,100 job opportunities.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Tamil Nadu Chief Minister MK Stalin announced that the state had secured Memorandums of Understanding (MOUs) worth Rs 8.5 billion with US-based companies Lincoln Electric, Vishay Precision, and Visteon. In a social media post on X, Stalin remarked that every new day in the land of opportunities brings fresh hopes. He highlighted that the MOUs with these companies were a significant step toward realizing the state's vision, attributing this progress to relentless effort and determination. The previous day, Tamil Nadu had finalized a Rs 20 billion MOU with Trilliant to establish a manufacturing unit and create a Development and Global Support Centre within the state. Stalin expressed excitement about this development, noting that the partnership with Trilliant was valuable. Additionally, Stalin reported having productive discussions with Nike regarding the expansion of footwear production in Chennai and engaging with healthcare firm Optum to develop a talent pipeline in the state. Earlier, Stalin had signed MOUs with Eaton, a multinational power management company, for a Rs 2 billion expansion of their R&D and engineering centre in Chennai. These MOUs were expected to create 500 jobs. He also mentioned a pact with Assurant, a risk management solutions provider, to set up the first Global Capability Centre in the state. During his official visit to the United States, Stalin secured several other agreements. On August 31, 2024, an agreement was signed with Ohmium to establish a factory in Chengalpattu district for producing electrolysers and green hydrogen, with an investment of Rs 4 billion and the creation of 500 jobs. Stalin described this deal as a crucial step toward fostering a green energy ecosystem and promoting sustainability. On August 30, 2024, Stalin held meetings with senior officials from Apple, Google, and Microsoft to invite them to invest in Tamil Nadu and signed an MoU with Google to set up artificial intelligence (AI) labs in the state. Furthermore, on August 29, 2024, during an investors' conference in San Francisco, Stalin oversaw the signing of MOUs with six prominent global companies Nokia, PayPal, Yield Engineering Services, Microchip, Infinx Healthcare, and Applied Materials committing Rs 9 billion and creating 4,100 job opportunities.

Next Story
Infrastructure Energy

NMDC aims to double iron ore production to 100 million tonnes by 2030

State-owned miner NMDC, the country's largest iron ore producer, aims to double its annual production to 100 million tonnes by 2030, up from 45 million tonnes in the 2023-24 fiscal year (April-March). Iron ore, a key raw material in steel production, is crucial for India's steel industry. The National Steel Policy projects India's production capacity to reach 300 million tonnes by 2030, up from approximately 155 million tonnes currently. Based in Hyderabad, NMDC operates mines in Chhattisgarh and Karnataka. India ranks as the fourth-largest iron ore producer globally, with the country's pr..

Next Story
Infrastructure Energy

BPRL-IOCL JV secures first full production concession in Abu Dhabi

Bharat PetroResources (BPRL), a wholly-owned subsidiary of Bharat Petroleum Corporation (BPCL), in partnership with Indian Oil Corporation (IOCL), has received a production concession through their joint venture, Urja Bharat (UBPL). This concession was granted by the Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi. This award follows UBPL's earlier exploration and production concession secured in March 2019, after successfully completing the exploration phase with an investment of approximately $164 million. The concession encompasses an area of up to 6,162 square kil..

Next Story
Infrastructure Energy

AG&P Singapore in Negotiations to Acquire H-Energy's LNG Terminal

Singapore-headquartered Atlantic, Gulf & Pacific Company (AG&P) is in negotiations with Darshan Hiranandani's H-Energy to acquire its liquefied natural gas (LNG) terminal in Jaigarh, Maharashtra, according to two individuals familiar with the development. This acquisition would be a strategic move for AG&P, which intends to use the terminal to source LNG domestically and grow its city gas distribution business. Darshan Hiranandani chose not to comment on the matter. An industry executive, who wished to remain anonymous, mentioned that the deal is likely to be finalized in a few weeks. AG&P..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000