Tamil Nadu's first investment conclave seals 97 MoUs worth ₹67,542 crore
Chennai, August 13, 2026 — The Tamilaga Vettri Kazhagam-led coalition government signed 97 memorandums of understanding (MoUs) totalling over ₹67,542 crore at its first major investment conclave, 'Vettri Tamil Nadu Investment Conclave 2026', held here on Thursday.
The agreements were exchanged in the presence of Chief Minister C. Joseph Vijay, Industries Minister S. Keerthana, Guidance Managing Director Deepak Jacob, and State Industries Secretary S. Vijayakumar. Guidance is the state's nodal investment promotion agency.
Speaking at the event, Ms. Keerthana said the cumulative investment commitments in the government's first 100 days would cross ₹1 lakh crore, generating more than 1.2 lakh job opportunities. "This is on average a ₹1,000 crore committed capital for every single day we have been in office," she added.
Among the major investments, the Hinduja Group will invest ₹2,500 crore in renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure, and digital mobility solutions. This includes 200 MW+ renewable energy projects by Hinduja Renewables Energy Private Limited, spanning solar, wind, and battery technologies. The Phoenix Kothari Group will invest ₹1,000 crore in the Ramanathapuram region, its first major industrial investment in the district.
Germany's Daimler India Commercial Vehicles will invest ₹4,000 crore to expand its 400-acre facility in Oragadam for design, R&D, and manufacturing of commercial vehicles. France's Saint-Gobain will invest ₹2,000 crore for a new greenfield plant in Krishnagiri and an expansion in Kancheepuram. Japan's YKK, the world's largest manufacturer of zippers and fastening products, will invest ₹1,651 crore in Tiruvallur, creating 4,316 jobs.
Singapore's Ascendas Firstspace will develop a ₹1,000-crore industrial park in Tiruvallur, while US-based Super Micro Computer, ranked No. 292 on the Fortune 500, will set up server assembly operations in Chennai.
Titan Company will invest ₹1,000 crore in Hosur to expand facilities for premium watches, jewellery, and automation equipment for its electronics business, creating 1,200 jobs. Lucas TVS, an automotive and EV components manufacturer, will invest ₹2,500 crore across multiple facilities.
In the space sector, Agnikul Cosmos will invest ₹400 crore and create 1,500 jobs, setting up assembly and integration operations for its reusable liquid-propelled launch vehicles. Skyroot Aerospace will invest ₹250 crore and create 500 jobs, with facilities for storage, assembly, integration, and testing.
Eight companies signed MoUs in the life sciences sector. Caplin Group will invest ₹925 crore, including a new integrated biologics and biosimilars R&D and manufacturing facility in Tiruvallur. S3V Vascular Technologies will invest ₹525 crore in Kancheepuram to manufacture cardiovascular and neurovascular implants. Cellbios Healthcare & Lifesciences, which makes specialised freezing bags for cell and gene therapy, will invest ₹150 crore across Dindigul and Krishnagiri.
Ms. Keerthana said the government has set a target of reaching a $1.5 trillion economy by 2036. "It is a big number, but its impact is even larger. For a young graduate, growth means a better job. For a woman, it can mean economic independence. For an entrepreneur, it means the confidence to take a risk. For a family, it means upward mobility. And for a district like Ramanathapuram, which is receiving its first industrial investment today, it means that a young person will not have to leave home to find opportunity. That is what economic growth looks like when you zoom in," she said.
