MADURAI: Chairing the “TN Rising” Investment Conclave in Madurai on Sunday, Tamil Nadu Chief Minister MK Stalin said that the DMK government secured highest conversion rate of MoUs signed by the state with the industrial sectors in the country in the past three years.
"The government’s intent went beyond signing agreements and highlighted that more than 80 per cent of the MoUs secured in the past three years were already under implementation, the highest conversion rate in the country," Stalin said in his address to the industry leaders.
The state government on Sunday signed 91 Memorandums of Understanding (MoUs) collectively valued at Rs 36,468 crore, creating a pipeline of 56,766 direct jobs across multiple sectors.
CM attributed investment momentum to policy consistency, skilled human resources, strong infrastructure and dependable law-and-order.
Stalin said the conclave signalled the state’s continued push for region-balanced industrial development. He recalled his investment missions to the UAE, Singapore, Japan, Spain, the United States, Germany and the United Kingdom, emphasising that Tamil Nadu had positioned itself as a preferred destination for global investors.
The conclave brought fresh attention to southern Tamil Nadu, with Stalin underlining key projects that are expected to reinforce the region’s growing industrial profile.
Hyundai is set to establish a shipbuilding facility in Thoothukudi, Pei Hai Family will create a non- leather foot wear plant in Madurai at Rs 720 crores employing 15,000 people—mostly women—and *1070SFO Technologies will expand its high-end electronics manufacturing base in Theni. Reliance Industries is expected to infuse Rs 11,000 crore into bio-energy projects across the state.
During the event, Stalin laid the foundation stone for the large-scale Micro Tech Park on 278.26 acres in Melur. He also reviewed progress on several major facilities, including the PM MITRA integrated textile park in Virudhunagar, projected to generate one lakh jobs, the General Engineering Park and Mega Food Park in Theni, upcoming industrial parks at Ilappaikudi and Sivagangai district, multiple TIDEL Parks across southern districts and the proposed airport at Ramanathapuram.
Highlighting Madurai’s transition from being known solely as a cultural and temple centre to emerging as an industrial hub, the Chief Minister said heritage and economic growth must go hand in hand. He cited TVS, JK Fenner, Infosys, Thiyagarajar Mills, HCL, Meenakshi Mission Hospital and Apollo Hospitals as enterprises that have strengthened the city’s skilled employment landscape.
Stalin also announced the Tamil Nadu Toy Manufacturing Policy aimed at reviving traditional toy-making clusters in Vilacheri, Madurai and Ambasamudram, Tenkasi by connecting artisans with modern global markets. In addition, he launched the Tamil Nadu University Research Park initi0hgfdsa88jiiiative, with Madurai Kamaraj University becoming the first node under an initial investment of Rs 13 crore and a research grant support of Rs 2.75 crore, of which 75 lakh was disbursed during the event.
Reaffirming the government’s aspiration to make Tamil Nadu a trillion-dollar economy, Stalin said progress could be achieved only through sustained collaboration between the state and industry. He thanked investors for their confidence and reiterated that his government was committed to inclusive and broad-based development, asserting that Tamil Nadu would continue to grow with and through its industrial partners.