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97 MoUs Worth over ₹67,542 Crore Signed at TVK Government’s First Investment Conclave in Tamil Nadu

The pacts are expected to generate 1.2 lakh jobs and push cumulative commitments past ₹1 lakh crore in the government’s first 100 days.

  • On Thursday, Chief Minister C. Jospeh Vijay and Minister for Industries, Investment Promotion and Commerce S. Keerthana opened the "Vettri Tamil Nadu Investment Conclave 2026" in Chennai, signing 97 MoUs worth over ₹67,542 crore.
  • State Industries Secretary S. Vijayakumar and Managing Director and Chief Executive Officer of Guidance Deepak Jacob helped clinch these deals, which Keerthana noted pushed cumulative commitments past ₹1 lakh crore in the government's first 100 days.
  • Daimler India Commercial Vehicles will invest ₹4,000 crore to expand its Oragadam facility, while Agnikul Cosmos and Skyroot Aerospace committed ₹650 crore combined for space sector assembly and testing operations.
  • The Ramanathapuram region secured its first major industrial project with ₹1,000 crore from Phoenix Kothari Group, while Singapore's Ascendas Firstspace plans a ₹1,000 crore industrial park in Tiruvallur.
  • These agreements align with the Chief Minister's target to reach a $1.5 trillion economy by 2036, aiming to provide economic independence and better job opportunities for residents across the state.
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Times of India broke the news in India on Thursday, August 13, 2026.
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