TN aims to be fintech capital of India: Stalin
Releases new Fintech Policy at Investors’ meet at Coimbatore; TN inks 59 MoUs worth Rs35,208-cr investments including agreements with 7 cos in aerospace and defence system manufacturing
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Tamil Nadu government, Memorandum of Understanding, Chief Minister MK Stalin The Tamil Nadu government has signed Memorandum of Understanding (MoU) with 59 companies, which will lead to investments worth Rs 35,208 crore coming into the State. Chief Minister MK Stalin said that the government was aiming to make the State the fintech capital of India, as he released a fintech policy. Stalin also released a handbook on aerospace and defence systems.
The deals were signed during an investors' meet at Coimbatore, which was presided over by Stalin. Agreements have been inked with seven companies in the fields of aerospace and defence system manufacturing, and an investment of Rs 485 crore is expected to be generated through this.
Stalin said that the deals are an indication that Tamil Nadu is on the right path to become a trillion-dollar economy. He said that despite the challenges of Covid-19 and natural clamaities like rain and its related issues, it is a great moment for Tamil Nadu to attract the investments. The Chief Minister said that it was the third industrial conference in five months, which is a sign of the State government's efforts to promote industrial investment and growth.
Stalin also laid the foundation for 13 projects worth Rs 13,413 crore, besides launching commercial production in 10 projects worth Rs 3928 crore. Government officials said that 92,420 people would get employment through these projects.
