CM Stalin concludes Europe visit, returns to TN with Rs 15,516 crore investments

Chennai: Tamil Nadu Chief Minister M.K. Stalin has wrapped up his tour of Germany and the UK, describing it as both an emotionally fulfilling and economically rewarding journey.

In a message posted on X, he wrote that the trip, which began with the enthusiastic welcome of Tamils in Germany, concluded in London with their warm wishes and farewells.

“I return home with countless memories of boundless love showered upon me. To my Tamil brethren who cared for me like a brother during this visit, I extend my love and gratitude,” he said.

The Chief Minister’s Office, in a statement, said the overseas tour was aimed at drawing new industrial investments into Tamil Nadu, and it has yielded substantial results.

In Germany, CM Stalin secured 26 Memorandums of Understanding worth Rs 7,020 crore, expected to generate more than 15,300 jobs.

Major commitments came from Knorr-Bremse, which pledged Rs 2,000 crore to set up a new plant for railway braking and door systems, creating 3,500 jobs, and Nordex Group, which will invest Rs 1,000 crore in wind turbine manufacturing, generating 2,500 jobs. ebm-papst announced an expansion plan worth Rs 201 crore in the HVAC and automotive sectors, while companies like Vensys Energy, BASF, Bella Premier Happy Hygiene, Herrenknecht India, Puls, Witzenmann India and Mash Energy together promised over Rs 3,800 crore of additional investment with the potential to create more than 9,000 jobs.

BMW reiterated its faith in Tamil Nadu’s automobile sector, and a skill development collaboration was finalised with German institutions, beginning with 120 students and scaling up to 20,000 in the coming years.

The UK leg of the trip further strengthened Tamil Nadu’s investment pipeline. The Hinduja Group signed an MoU for a Rs 7,500 crore project in electric vehicle cell and battery manufacturing, energy storage and charging infrastructure, with an employment potential of 1,000 jobs.

Global pharmaceutical major AstraZeneca committed Rs 176 crore to expand its Global Innovation and Technology Centre in Chennai, marking its third investment in the state in just two years.

Other significant deals included Britannia RFID Technologies India pledging Rs 520 crore for an RFID manufacturing facility in Tiruppur-Namakkal with 550 jobs, Wilson Power agreeing to invest Rs 300 crore in transformer production with 543 jobs, and Lloyd’s List Intelligence expanding its Global Capability Centre in Chennai to create 200 jobs.

Tamil Nadu also signed agreements with educational and design institutions such as the University of Exeter and Ecole Intuit Lab, while discussions with Rolls-Royce opened new opportunities in aerospace.

The CMP said that altogether Stalin’s visit to Europe has brought in investments worth Rs 15,516 crore, promising over 17,600 jobs across sectors such as green energy, automotive, pharmaceuticals, textiles, electronics and defence.

IANS

 

CBIC denies viral claims on GST transition benefits from Sep 22, calls message misleading

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) on Sunday refuted a viral social media message claiming that new GST transition benefits, including unutilised cess credit, ITC...

Hyundai India slashes car prices by up to Rs 2.4 lakh after GST cut, effective Sep 22

New Delhi: Hyundai Motor India on Sunday announced that it will pass on the full benefit of the recent GST reforms to its customers, offering significant price cuts across its...

India backs WTO-centred fair trade system at SCO trade ministers’ meeting

New Delhi: India emphasised the need for an open, fair, inclusive and non-discriminatory multilateral trading system centred around WTO norms, at the Shanghai Cooperation Organisation Trade Ministers’ Meeting in Vladivostok,...

Tata Motors to pass on full GST cut, commercial vehicles to get cheaper from Sep 22

New Delhi: Tata Motors on Sunday announced that it will pass on the entire benefit of the recent GST rate cut to its commercial vehicle customers. The new prices will...

GST rate cut will counter US tariff hike, India to keep buying Russian oil: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman said on Friday that the GST rate cut would spur growth in the economy which would offset the drag due to the adverse impact...

GST 2.0 reforms part of decade-long transformation of India’s economic landscape: PM Modi

New Delhi: Prime Minister Narendra Modi said on Thursday that the last decade has been about bold reforms aimed at transforming India’s economic landscape, from corporate tax cuts that spurred...

64 pc GST comes from poor & middle class, only 3 pc GST collected from billionaires: K’taka Minister Priyank Kharge

Bengaluru: Karnataka Minister for Rural Development and Panchayat Raj (RDPR), IT and BT, Priyank Kharge, taking objection to the revamp of the eight-year-old indirect tax regime by the Centre, stated...

GST Council puts these sin goods under 40 pc tax slab

New Delhi: The Goods and Services Tax (GST) Council has approved a 40 per cent tax rate for sin and luxury goods, increasing it from the current 28 per cent,...

New GST rates: What gets cheaper and costlier from Sep 22

New Delhi: After the GST Council approved historical changes to India's indirect tax structure, several daily-use goods will become cheaper from September 22. The new tax structure, adopted on Wednesday,...

Oppn slams Centre over GST reforms, says move will not benefit people

New Delhi: The Opposition parties on Thursday hit out at the Centre over the new GST reforms, arguing that the changes will not provide real relief to the common man...

Trump calls India-US ties ‘one-sided’ over high tariffs, criticises trade practices

Washington: US President Donald Trump reiterated his complaints against India’s trade practices, calling the India-US relationship “one-sided for many years” and pointing to high tariffs as a barrier to American...

India’s aim to build 1 million homes in Australia can be biggest housing collaboration in history

New Delhi: Commerce and Industry Minister Piyush Goyal recently said that the government is engaged in “deep negotiations” with Australia regarding a proposal to construct one million homes estimated at...

Read Previous

Bengali must on signboards, shopkeepers in Kolkata begin making changes

Read Next

Kolkata woman gang-raped during her birthday party, police search for accused

WP2Social Auto Publish Powered By : XYZScripts.com