September 5, 2024
2 mins read

Stalin signs MoU worth Rs 2000 crore with Trilliant

CM Stalin met the officials of ‘Optum’, a healthcare-providing company which already has an established unit in Tamil Nadu employing 5,000 people….reports Asian Lite News

Tamil Nadu Chief Minister M.K. Stalin, who is on a 17-day visit to the US to seek investments for the state, has signed a Rs 2,000 crore Memorandum of Understanding (MoU) with Trilliant.

This is for establishing Trilliant’s manufacturing unit in Tamil Nadu as well as for constituting their Development and Global Support centre in the state, the Chief Minister’s Office (CMO) in a statement on Thursday said.

The statement also said that the Chief Minister had a productive discussion with sports goods makers, Nike for establishing its product creation and design centre in Tamil Nadu.

CM Stalin met the officials of ‘Optum’, a healthcare-providing company which already has an established unit in Tamil Nadu employing 5,000 people. The CMO in the statement said that the meeting with ‘Optum’ was for extending the company’s operations in Tiruchi and Madurai districts of Tamil Nadu.

It may noted that CM Stalin during his business visit met several corporates in San Francisco and now in Chicago.

The CM visited the headquarters of Google, Apple and Microsoft and has entered into MoUs with these tech giants for investments in Tamil Nadu.

The Chief Minister is travelling to the US eight months after the Tamil Nadu government signed MoUs worth over Rs 6 lakh crore during the third edition of the Global Investors Meet.

Tamil Nadu’s focus is mainly on embracing cutting-edge technologies and fostering an ecosystem conducive to R&D and high-tech manufacturing and in this regard the Chief Minister is meeting major technology companies in the US.

Since assuming office in May 2021, CM Stalin has visited the UAE, Singapore, Japan and Spain to get investment proposals for Tamil Nadu.

It may be noted that Tamil Nadu has already emerged as the locus of iPhone manufacturing in India with three key suppliers — Foxconn, Pegatron, and Tata Electronics — expanding their operations. Additionally, Bharat FIH, an arm of Foxconn, will soon begin to assemble Pixel phones and drones for Google.

ALSO READ: Rahul bats for J&K statehood; slams Centre

Previous Story

Nothing done to mitigate Manipur violence, says Kharge

Next Story

Sharad Pawar says no dispute in MVA over CM post

Previous Story

Nothing done to mitigate Manipur violence, says Kharge

Next Story

Sharad Pawar says no dispute in MVA over CM post

Latest from Business

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.
Go toTop

Don't Miss

India seeks UN reforms

The call for reforms takes on a sense of urgency

‘Market at record high but doesn’t feel like a bull run’

Global cues, domestic macros and strong institutional buying – both