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Tamil Nadu Claims 73.5% MoU Conversion as Growth Outpaces India at Conversion Conclave

The showcase functioned as a pre‑poll report card linking investments to jobs.

Overview

  • Officials reported 1,179 MoUs since 2021 worth ₹12.37 lakh crore with 36.52 lakh projected jobs, saying 867 projects are at advanced stages and 35.11% are operational.
  • At the Chennai event, the state marked 52 inaugurations and 71 groundbreakings, including Dabur’s new FMCG plant at Tindivanam.
  • New agreements included a ₹5,000 crore Bharat Biotech biosimilars facility in Kancheepuram with potential for 5,000 jobs and a Hyundai Motor India Foundation centre to train 7,000 students.
  • Presented indicators cited FY2025 GSDP growth of 11.19% and manufacturing growth of 14.7% versus India’s 4.5%, alongside exports of $52.07 billion and a 41% share of India’s electronics exports.
  • The government pointed to 29.63 lakh EPFO additions since 2021 as evidence of employment gains, while economists urged scrutiny of job quality, sustainability and infrastructure pressures.