MK Stalin signs MOUs signs MOUs for Rs 200 crores with Eaton

Chicago (Illinois) [US], September 4 (ANI): Tamil Nadu Chief Minister M K Stalin on Wednesday said that he signed MOUs with Eaton, a multinational power management company, for Rs 200 crore R&D and engineering centre expansion in Chennai.

MK Stalin, taking to X, informed that these MOUs will help in creating in 500 jobs.

He also stated that the government has secured a pact with Assurant, risk management solutions provider, to set up the first Global Capability Centre.

“Exchanged MoUs with Eaton for a Rs200 crore R&D and engineering centre expansion in Chennai, creating 500 jobs. Also secured Assurant’s first Global Capability Centre in India, coming soon to Chennai,” CM Stalin posted on X.

Tamil Nadu Chief Minister MK Stalin is on an official visit to the United States to secure support and investments aimed at boosting the prosperity of the state.

On August 31, 2024, an agreement was signed with Ohmium for the establishment of a new factory in Chengalpattu district for producing electrolysers and green hydrogen, with an investment of Rs 400 crores and creating 500 job opportunities.

Stalin said that the deal marked an important step in nurturing the ecosystem for green energy production and fuelling a sustainable future.

In a post on X, “Another successful day in San Francisco! We’ve secured a Rs400 crore investment from Ohmium in Chengalpattu district, creating 500 jobs. This marks a significant step in nurturing the ecosystem for green energy production and fuelling a sustainable future!”

On August 30, 2024, meetings were held with senior officials from Apple, Google, and Microsoft to invite them to invest in Tamil Nadu, and an MoU was signed with Google to set up artificial intelligence (AI) labs in Tamil Nadu.

During the Tamil Nadu CM’s US visit, on August 29, 2024, at an investors’ conference held in San Francisco, MoUs were signed with six leading global companies–Nokia, PayPal, Yield Engineering Services, Microchip, Infinx Healthcare, and Applied Materials–for an investment of Rs 900 crores to create 4,100 job opportunities.