The Tamil Nadu Government on Monday announced 41 investment Memoranda of Understanding (MoUs) signed as part of the TN Rising Investors Conclave held in Thoothukudi.
The investment commitments are across sectors including electronics, defence, aerospace, green energy and auto components, and will fetch the state a total investment of ₹32,554 crore and also create 49,845 job opportunities.
The largest among these MoUs was signed with the Sakthi Group which will set up a propulsion systems manufacturing and testing cluster in Thoothukudi with an investment of ₹5,000 crore and creating 2,000 job opportunities.
Other major MoUs for Thoothukudi include the ₹4995 crore investment set aside for an electronic components manufacturing facility with Kaynes Circuits India and ₹4953 crore investment with April Fiber Resource for a Man Made Fibre(MMF) facility.
In the MSME space MoUs were signed with Seaora Marine in the food processing sector and Antara residency in the hospitality sector among other
22 MoUs worth ₹32,289 crore were signed under the Department of Industries, Investment Promotion & Commerce, while the rest were signed under the MSME Department.
The conclave also saw the inauguration of four completed industrial projects, involving a total investment of ₹1,230 crore andgenerating 3,100 jobs. These include health-tech (Pro1 Health, Thoothukudi), bioenergy (Nanda Devi Bio Energy, Tirunelveli), food processing (Britannia, Tirunelveli), and electronics (Yeemak, Kanchipuram).
“From electronics and defence to aerospace, green energy, auto, non-leather footwear, MSMEs, textiles, and a robust blue economy strategy, the MoUs were signed today are part of our holistic and forward-looking industrial roadmap for the region, making it the hottest new multi-sector industrial cluster of South Asia,” TRB Rajaa, Minister for Industries, Investment Promotion & Commerce, Government of Tamil Nadu, said in a post on X.
The MoUs will be part of the TN government’s efforts to realise its $1 trillion economy dream by 2030 with South Tamil Nadu gearing up as a major industrial hub and seeing the mushrooming of more investment clusters.
Beyond Thoothukudi and Tirunelveli, areas such as Dindigul and Theni’s agriculture strengths offer potential for companies in the value-added food exports space while the temple town of Madurai too is fast emerging as an IT hardware and software hub.
Published on August 4, 2025