Tamil Nadu inks pact with US-based Trilliant for Rs 2000 cr investment

Tamil Nadu Chief Minister M.K. Stalin announced a significant development on Thursday, revealing that the state government has signed a Memorandum of Understanding (MoU) with the US-based company Trilliant. This MoU, formalized during the Chief Minister’s official visit to Chicago, involves a substantial investment of ₹2,000 crore. The agreement entails the establishment of Trilliant’s manufacturing unit and a global support centre in Tamil Nadu.

Trilliant, a prominent provider of solutions in Advanced Metering Infrastructure, Smart Grid, Smart Cities, and Industrial Internet of Things (IIoT), will set up these facilities in Tamil Nadu as part of this deal. The MoU marks a significant milestone for the state as it aims to bolster its industrial and technological infrastructure. Chief Minister Stalin highlighted the importance of this partnership, expressing his gratitude to Trilliant for choosing Tamil Nadu as a key location for their operations.

In a social media post, Stalin shared his excitement about the developments, stating, “Exciting developments in Chicago! Secured a ₹2,000 crore MoU with Trilliant to establish a manufacturing unit as well as their Development & Global Support Centre in Tamil Nadu. Thanks to Trilliant for this valuable partnership!”

During his visit to the US, Chief Minister Stalin has been actively engaging with various companies to attract investments to Tamil Nadu. Apart from the deal with Trilliant, Stalin also had productive discussions with officials from Nike, the renowned footwear manufacturer. The talks focused on expanding Nike’s footwear production capabilities and exploring the potential for establishing a product creation and design centre in Chennai. This move is expected to enhance Nike’s operational presence in the region and contribute to local economic growth.

Additionally, Chief Minister Stalin met with representatives from Optum, a healthcare company that already employs around 5,000 people in Tamil Nadu. During the meeting, he requested Optum to consider expanding their operations to Trichy and Madurai, which would further support the state’s healthcare sector and strengthen its talent pipeline. Stalin noted that there is significant momentum in these discussions, emphasizing the state government’s commitment to fostering growth and development across various industries.

These engagements are part of Tamil Nadu’s broader strategy to attract global investments and enhance its economic landscape. By securing major deals with international companies and exploring new opportunities for expansion, Tamil Nadu is positioning itself as a key player in the global investment arena. The state’s proactive approach in building partnerships and driving industrial growth is expected to yield substantial benefits for its economy and its citizens.

MakeMyTrip Acquires Happay’s Expense Management Business: A Game-Changer for Corporate Travel

In an exciting move that could reshape the corporate travel and expense management landscape,...

SEBI Cracks Down on Four Online Platforms Over Unregistered Bond Distribution

The Securities and Exchange Board of India (SEBI) has taken decisive action against four...

Urban Unemployment Hits New Low at 6.4% in Q2FY25

The urban unemployment rate in India has hit its lowest point since data collection...

- A word from our sponsor -

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here