Chief Minister M K Stalin recently assured German business leaders that Tamil Nadu isn’t just a market; it’s a partnership destination. He emphasized that investors would find a supportive environment, a skilled workforce, and attractive incentives in the state.
At the Tamil Nadu Rising Investors Conference in Germany, a significant milestone was achieved. Over two days, 26 Memoranda of Understanding (MoUs) were signed. These MoUs represent a substantial investment of Rs 7020 crore and promise to create 15,320 **jobs**.
Stalin highlighted Tamil Nadu’s strong position in India. He noted its leading status in the ‘Ease of Doing Business’ rankings. The government, he stressed, is fully committed to facilitating all investor projects.
The investors conclave itself was a powerhouse of activity. It led to the signing of 23 MoUs, cumulatively valued at Rs 3819 crore. This segment alone is projected to generate 9,070 **jobs**.
As the Chief Minister concluded his Germany visit before heading to the United Kingdom, he made a fervent appeal to investors. He urged them to consider Tamil Nadu, India’s second-largest economy. Furthermore, he proudly stated it’s the only state in India to achieve the highest double-digit economic growth.
Tamil Nadu is a highly urbanized state, with 48 percent of its population living in urban areas. This makes it the most urbanized state in India. It also boasts the highest number of factories and employees, mirroring Germany’s rich history and tradition.
Stalin even drew a historical parallel. He mentioned Bartholomaus Ziegenbalg, a German who arrived in Tamil Nadu in the 18th century, learned Tamil, and translated and printed the Bible in the language. A fascinating connection between the two regions.
Inviting prospective investors, Stalin mentioned research indicating that iron was used in the state 5,000 years ago, showcasing a long industrial heritage. He also pointed out that numerous German firms already thrive in Tamil Nadu. Global giants like BMW, Daimler Mercedes-Benz, and Telekom have a robust presence there.
The Chief Minister proudly declared ‘Made in Tamil Nadu’ as a hallmark of quality. He highlighted that the state produces everything from bicycles to battle tanks. This wide-ranging manufacturing capability, he stated, draws many economic similarities with Germany.
He eloquently called Tamil Nadu ‘the Germany of India,’ noting that just as Germany is a major industrial nation in the European Union, Tamil Nadu is the industrial heartbeat of the Indian Union. The economic relationship between these two, already strong, has room for even more growth.
Tamil Nadu has leading higher education and research institutions. It’s home to nearly 5.4 million MSMEs and over 11,000 startups. Increased investments from Germany, Stalin believes, can further strengthen this vibrant ecosystem, creating more **jobs** and fostering innovation.
The conclave successfully brought together global leaders from various sectors. Renewable energy, automotive components, industrial equipment, and advanced R&D were all represented. Key commitments came from prominent companies.
Vensys Energy pledged Rs 1068 crore, creating 5238 **jobs**. BASF committed Rs 300 crore, adding 100 **jobs**. Herrenknecht India will invest Rs 250 crore, resulting in 450 **jobs**. MASH Energy also made a significant commitment of Rs 200 crore, generating 200 **jobs**. The future looks bright for Tamil Nadu, with these new **jobs** and investments bolstering its economic landscape.