From NASDAQ:

Investors and manufacturers, including Microsoft, Apple, and Hyundai, have committed to investing $80 billion in India’s Tamil Nadu state. This move comes as global manufacturers seek to diversify production from China. The investments are expected to generate 1.45 million jobs, bolstered by the state government’s commitment to provide necessary clearances through a single-window system. The investments signal India’s growing appeal as a major growth market.
Royal Enfield, Hyundai Motor, and VinFast are among the high-profile companies committed to invest in Tamil Nadu’s manufacturing sector. The state’s government announced potential energy sector investments from Tata Power Renewable Energy and Singapore’s Sembcorp. Adani group entities also signed investment pacts, including in green energy, cement, and gas. Microsoft committed to invest in a data center, further boosting the state’s economy.
Tamil Nadu’s Chief Minister M. K. Stalin assured quick clearances for the building of factories and production, seeking to expedite the investment process. The government aims to simplify the process from MoU signing to production commencement through a single-window system. The investments are expected to create direct employment opportunities for 1.45 million people in the state. The investments and commitments are a major step in boosting India’s economic growth and providing employment opportunities for the growing middle class.



Read more: India’s Tamil Nadu hails $80 bln pledges from firms including Microsoft, Hyundai