Chennai: Facing criticism from the Opposition DMK over major investment proposals moving to Andhra Pradesh, the Tamilaga Vettri Kazhagam (TVK) government on Saturday released a list of 112 companies that have signed Memoranda of Understanding (MoUs) with Tamil Nadu since May 2026, involving investments worth Rs 1.14 lakh crore.
The government had come under fire after South Korean component manufacturers supplying Hyundai and Kia chose Andhra Pradesh for expansion projects worth Rs 1,614 crore.
In a subsequent development, Tamil Nadu secured fresh investment commitments worth Rs 1,370 crore from two South Korean manufacturers, Hwashin Automotive India and Seoyon E-Hwa Summit Automotive India, over the next five years. The companies, which had considered shifting their proposed investments to Andhra Pradesh, communicated on Wednesday their decision to continue expanding in Tamil Nadu.
The MoU list was released after the first review meeting of the newly constituted Tamil Nadu Investment Promotion Commission (TNIPC), which monitors major investment proposals and their implementation.
The 112 MoUs represent commitments worth Rs 1,14,811.91 crore, with the potential to generate 1,32,771 jobs. Of these, 83 projects (74.11 percent) have progressed to the land acquisition stage, the government said.
Industries, Investment Promotion and Commerce Minister S. Keerthana said transparency on commitments and accountability for delivery must go hand in hand.
“Our focus remains on ensuring that these investments translate into projects on the ground and meaningful employment opportunities. Under the leadership of Chief Minister C. Joseph Vijay, Tamil Nadu is moving from investment commitments to implementation,” she said in a post on X, sharing the sector-wise and district-wise details.
From investment conclave to implementation
The commitments originated from the Vettri Tamil Nadu Investment Conclave 2026 held in August, where the government signed 97 MoUs involving investments of more than Rs 67,542 crore. This took the cumulative investment commitments in the first 100 days of the TVK administration beyond Rs 1 lakh crore.
The Industries Department had then projected that most of these projects would be grounded within six months to one year.
The TNIPC, constituted on 3 November, is expected to play a central role in tracking their progress. It will focus on major proposals involving investments of Rs 200 crore and above or those expected to generate at least 5,000 jobs.
Its first meeting, chaired by Chief Secretary M. Sai Kumar, reviewed project progress, inter-departmental coordination, clearances through the Single Window Portal and the need for additional industrial subsidies. The Commission has sought an additional allocation of Rs 1,600 crore to support the new projects.
Auto, EV and electronics lead manufacturing push
The automobile, auto components and electric vehicle sectors account for several major investment commitments. JK Tyre leads with Rs 5,143 crore, followed by Daimler with Rs 4,000 crore. Hinduja Group and Lucas TVS & Group have committed Rs 2,500 crore each, while Ultraviolette has pledged Rs 779 crore and Motive Link Rs 300 crore.
Component and battery manufacturers, including SEDEMAC Mechatronics, HL Mando Anand and Golden Gate Battery, are together expected to generate around 15,000 jobs. The investments are expected to strengthen Tamil Nadu’s automotive manufacturing base while accelerating its transition to electric mobility.
In electronics manufacturing, Motherson Group tops the list with a commitment of Rs 11,000 crore and the potential to create 7,000 jobs. Avalon has committed Rs 1,000 crore and L&T EPS Rs 2,500 crore. Semiconductor and component companies, including PTW Semiconductor, Kinesis and Supermicro, also feature in the list.
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Data centres, aerospace and defence
The data centre and deep-tech sectors have attracted some of the largest individual commitments. Larsen & Toubro has committed Rs 15,000 crore, Light House Green Rs 10,000 crore and Nxtra Data Rs 1,417 crore.
Smaller but strategic investments from companies such as TriQuanta Labs and Quantum Integrated Machines are expected to strengthen the state’s deep-tech and quantum technology ecosystem.
In aerospace and defence, Trusted Aerospace Engineering leads with Rs 1,000 crore, followed by Agnikul Cosmos with Rs 400 crore. ASACO, Skyroot Aerospace, Natesans Synchrocones and other companies are also part of the state’s expanding space and defence manufacturing ecosystem.
Textiles, footwear and renewable energy
The textile investments include Rs 1,651 crore from YKK, Rs 880 crore from MAS Holdings, Rs 675 crore from Threadmills Fine Decor and Rs 500 crore from Sulochana Mills. Several other spinning, weaving and garment units are spread across Tiruppur, Coimbatore and other industrial clusters, with the investments expected to support modernisation and export growth.
The footwear sector has also attracted significant commitments. Phoenix Kothari has pledged Rs 1,000 crore with a potential to generate 10,000 jobs, while Pao Lai has committed Rs 240 crore for 3,000 jobs.
In shipbuilding and heavy engineering, L&T Shipbuilding has committed Rs 1,100 crore, while Vajra Heavy Engineering has pledged Rs 500 crore. Vikram Solar BESS leads the renewable energy segment with an investment commitment of Rs 15,037 crore and an employment potential of 2,670 jobs.
Avid DEM has committed Rs 7,000 crore, with the potential to generate 12,000 jobs. Veva Toys has pledged Rs 1,000 crore, while Polyhose is among the other companies contributing to the state’s manufacturing diversification.
The remaining investments span pharmaceuticals, chemicals, general manufacturing, healthcare, infrastructure and logistics, global capability centres (GCCs), food processing, engineering research and development, education and hospitality. Industrial parks and warehousing projects are also part of the investment pipeline.
Kancheepuram, Tiruvallur lead district-wise spread
The MoUs are spread across Tamil Nadu, with Kancheepuram attracting the highest number of projects at 17, followed by Tiruvallur with 15.
Chennai has secured 10 projects, Coimbatore nine and Krishnagiri eight. Chengalpattu and Thoothukudi have seven projects each.
Another 16 projects span multiple districts, while the locations of three projects are yet to be confirmed.
The government said the geographical spread of investments would help reduce concentration in traditional industrial corridors and create employment opportunities in the southern and western districts.
$1.5 trillion economy target
The government has linked the investment push to its larger ambition of transforming Tamil Nadu into a $1.5 trillion economy.
With the TNIPC monitoring project progress, and reforms in land use, trade licence validity and planning permissions already notified, the administration is banking on sustained follow-up to convert the Rs 1.14-lakh-crore investment pipeline into factories, jobs and economic output.
(Edited by Anupama Yadav)
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