Tamil Nadu inks 4 global deals; 2,900 jobs expected

CHENNAI: The State government on Thursday signed investment agreements with four global organisations spanning insurance, renewable energy, automotive manufacturing and higher education, with the projects expected to create over 2,920 direct and indirect jobs across Tamil Nadu.

The University of Western Australia’s Chennai campus, the State's first international university campus, is expected to open soon. The University, which formally entered the state in 2025, will be commencing most of its programmes from next March, while the MBA programme will start as early as this November. The university’s Rs 125-crore campus at Velachery has created more than 200 jobs.

In the technology sector, Chubb, one of the world's largest property and casualty insurers, will establish a Global Capability Centre in the State. The centre, the company's first in Tamil Nadu, is expected to employ around 220 people. German wind turbine manufacturer Nordex will set up a research and development centre, creating about 1000 jobs. The government said the investment would strengthen Chennai's position as a hub for engineering and technology operations serving global markets.

In manufacturing, South Korean auto components maker MotiveLink will invest Rs 300 crore to establish a production facility at the SIPCOT industrial park in Pillai Pakkam, Kancheepuram. The project is expected to create around 1,500 jobs.

The agreements were signed at Guidance Tamil Nadu in the presence of Chief Minister C Joseph Vijay. The Chief Minister said the State has been focussed on attracting high-value projects in technology, research, manufacturing and higher education, adding that the government would continue to facilitate their implementation.