T.N. delegation in Davos says many investment proposals under consideration

Industries Minister T.R.B. Rajaa at Davos with a delegation from Tamil Nadu.
| Photo Credit: Special arrangement

A delegation from Tamil Nadu, led by Industries Minister T.R.B. Rajaa, visiting Davos has indicated that several investment proposals are under consideration following numerous discussions held at the World Economic Forum there, though the names of the companies involved have not been disclosed.

According to a statement, an electronics giant with operations in Tamil Nadu has responded positively to suggestions of integrating a broader chunk of its manufacturing base into the State’s thriving industrial ecosystem. Additionally, at least two new data centre investments have been mooted.

A global food processing entity is lining up an investment for their fast-moving consumer goods, while a well-known superfood giant is exploring entry into Tamil Nadu to capitalise on the State’s advantageous logistical and agricultural base. Apart from this, two major finance players have expressed willingness to establish Global Capability Centres (GCCs), and two pharma companies are looking to bolster their GCC presence and are also considering setting up manufacturing plants in the State, the statement said.

“What we are witnessing is a direct outcome of the State’s robust human capital, our forward-thinking policies, and the readiness of Tamil Nadu to accommodate next generation industries,” said V. Arun Roy, Tamil Nadu Industries Secretary. “From food processing and agro-forest ventures to advanced electronics and pharma GCC expansions, we see a wide range of sectors recognising Tamil Nadu’s potential to foster and sustain cutting-edge research and development,” he added.

In a series of closed-door discussions, the delegation showcased how Tamil Nadu is preparing an artificial intelligence-ready workforce through both government-led programmes and partnerships with leading technology organisations. The delegation also had a meeting with Manchester United, exploring the prospect of bringing global standards of football training to the State, especially for women, highlighting its emerging status as a global sports hub.