Tamil Nadu CM visits San Francisco, inks pact with Microchip, Nokia, PayPal

The Tamil Nadu government has inked pacts with leading companies including Nokia, PayPal, Yield Engineering Systems, Microchip, Infinx, and Applied Materials for an investment commitment of Rs 900 crore and employment of 4,100 people in Chennai, Coimbatore and Madurai, the government said on Friday.

Six companies signed the Memorandum of Understanding (MoUs) in the presence of Tamil Nadu Chief Minister M K Stalin and officials during the investors' meeting in San Francisco, an official release here said.

The chief minister, who is leading a high-level official delegation, is currently on a tour to the US till September 14 to attract investments into Tamil Nadu, as part of an ambitious goal to transform the state into a USD one trillion economy by 2030. He left for the US on August 27. He participated in a meeting with potential investors in San Francisco on Thursday.

An MoU was signed with Nokia, represented by Chief Strategy and Technology Officer Nishant Batra and President - Fixe