Chennai: Tamil Nadu Chief Minister C Joseph Vijay’s UK visit on Monday saw the state delegation sign multiple MoUs involving investments worth about Rs 12,300 crore in London.The investment drive, aimed at positioning Tamil Nadu as Asia’s premier advanced manufacturing and technology hub, is expected to generate more than 9,400 high-value jobs across the state.
However, the CM’s high-profile UK itinerary, which included a visit to the Silverstone motor racing circuit in England, drew sharp criticism from opposition parties, which questioned whether the trip was primarily aimed at securing investments for the state.
The single-largest investment commitment of the tour came from auto component major Samvardhana Motherson International Limited. Partnering with its European and UK-based joint venture entities, the group signed an MoU with Guidance Tamil Nadu to invest approximately Rs 11,000 crore over the next five years, the state’s investment facilitation agency said.
Under the agreement, Motherson will establish integrated Design, Engineering, Manufacturing, Assembly and Logistics (D.E.M.A.L.) facilities at strategic locations across Tamil Nadu.
The project alone is expected to create nearly 7,000 jobs in advanced engineering and supply chain operations.
The investment push also extended to digital infrastructure, technical consultancy and heavy equipment sectors. Ernst & Young, the professional services firm, committed Rs 1,000 crore to establish a Global Capability Centre in Tamil Nadu, which is expected to create more than 2,000 high-value corporate jobs.
Sigma Technology Group, a Swedish technology firm, signed agreements to expand its digital services and engineering operations in the state.
Strengthening the electrical manufacturing corridor, UK-based power equipment maker Wilson Power Solutions signed a Rs 300 crore investment MoU for a new manufacturing unit in Thiruvallur district, creating 400 local jobs.
Industries Minister S Keerthana said Tamil Nadu was attracting investments on a large scale under the leadership of CM Vijay.
“The Hon’ble chief minister’s visit to London has secured strong investment commitments across manufacturing, technology and Global Capability Centres. The Rs 11,000 crore investment commitment from Samvardhana Motherson International will create around 7,000 employment opportunities across design, engineering, manufacturing, assembly and logistics,” she said.
“The Rs 1,000 crore investment from EY towards establishing a Global Capability Centre in Tamil Nadu will create more than 2,000 high-value jobs. Sigma Technology Group is expanding its presence in Tamil Nadu, further strengthening our state’s position as a destination for technology and digital services,” she said.
“More investment. More jobs. More opportunity. Every investment strengthens our economy. Every job strengthens a family. Every new capability strengthens Tamil Nadu,” Keerthana said in a post on X.
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