In a recent development, Tamil Nadu signed 92 Memorandums of Understanding (MoUs) worth an estimated investment of 24,307 INR-Crore. These investments signed at the TN Rising Hosur Conclave will together create nearly 49,353 job opportunities. The event also saw the inauguration of projects worth 250 INR-Crore and the foundation-laying for new projects totaling 1,210 INR-Crore.
Major announcements included: Zetwerk committed 5,000 INR-Crore to set up a solar cell manufacturing facility, DCX Systems plans an 850 INR-Crore defence unit in Krishnagiri. Meanwhile, IAMPL announced a 200 INR-Crore aerospace expansion in Hosur. Aspire Footwear also revealed a 350 INR-Crore non-leather footwear plant in Vellore, expected to create 6,000 jobs.
Furthermore, CM M K Stalin laid the foundation stone for Kauvery Hospitals‘ 500 INR-Crore facility, supporting healthcare infrastructure in the area. He also laid the foundation for new facilities by Rico, Aspire Footwear, and Versatile Bonds in Hosur. These projects will start soon and roll out in phases to provide timely benefits to the region.
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The government also inaugurated the 300 Acres Future SIPCOT Mobility Park at Shoolagiri, allocating land for 22 companies to invest 2,728 INR-Crore. This marks a significant step toward strengthening industrial development and generating employment across Tamil Nadu.
The conclave positions Hosur and the surrounding districts as premier global investment hubs. CM Stalin highlighted Hosur’s growth as a hub for GCCs, IT firms, and educational institutions through the Hosur Knowledge Corridor. These investment proposals in Tamil Nadu will create jobs, enhance infrastructure, and drive economic growth across the state.
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