India’s Tamil Nadu in $4.4 bln deals with investors such as Tata, Pegatron
From Nasdaq:
1. India’s Tamil Nadu signs investment pacts worth over $4.39 billion with companies like Apple suppliers Tata Electronics, Pegatron, and Hyundai Motors.
2. Tata Electronics to invest 120.8 billion rupees for mobile phone assembly operations in Tamil Nadu, with additional support promised by the state government.
3. Global investors summit in Tamil Nadu unveils pacts projected to generate thousands of jobs, including investments by Tata Power and JSW Energy.
4. Hyundai Motors commits 61.80 billion rupees in Tamil Nadu, some for electric vehicle manufacturing, while Nike shoemaker, Hong Fu, plans to invest nearly 10.4 billion rupees.
5. Vietnamese EV maker VinFast agrees to invest up to $2 billion in Tamil Nadu, signaling growing interest in India’s vehicle market.
6. Investments in Tamil Nadu come ahead of an investment summit in Prime Minister Narendra Modi’s home state Gujarat, drawing attention from domestic and foreign investors.
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