Chennai, Feb 12 (NationPress) Chief Minister M.K. Stalin declared on Thursday that Tamil Nadu’s economic progress has surpassed the national average, showcasing the state’s swift industrial growth, unprecedented investments, and its rising prominence in cutting-edge technology domains.

During a prominent investors’ meeting organized by the Department of Industries, Investment Promotion, and Commerce in Chennai, CM Stalin remarked that the statistics shared at the event were a “direct response to critics” and epitomized five years of unwavering and targeted efforts by his administration.

The Chief Minister revealed that the day’s conference alone celebrated the launch of 52 companies, the laying of foundation stones for 71 new industrial endeavors, and the signing of new Memoranda of Understanding (MoUs) with two more firms.

He characterized it as a record-setting occasion, asserting that no other Indian state had executed such a large-scale industrial inauguration in a single event.

“Tamil Nadu’s economic growth rate is at 11.19 percent, exceeding the national average. While India’s manufacturing sector grew by 4.5 percent last year, Tamil Nadu achieved a remarkable growth of 14.7 percent,” CM Stalin stated.

He also pointed out that the state contributes 41 percent of India’s electronics exports, and nearly 60 percent of the Central government’s approvals under the electronics components manufacturing scheme have been allocated to Tamil Nadu projects.

The Chief Minister underscored the state’s expanding presence in emerging sectors such as semiconductors, artificial intelligence, and advanced manufacturing. Semiconductor machinery parks have been established in Sulur and Palladam, positioning Tamil Nadu as a promising global hub for chip-related industries.

Research and development centers, chip design initiatives, and advanced manufacturing facilities are also being put in place.

CM Stalin praised investors for their positive feedback regarding Tamil Nadu’s business-friendly environment, which he credited for drawing in further investments.

Several significant projects were highlighted during the event, some of which are anticipated to create substantial employment opportunities for local women.

“Your growth is our happiness,” CM Stalin told investors, reiterating the government’s pledge to establish Tamil Nadu as India’s premier industrial hub.

Later, he shared on his X handle, “We do not sign MoUs and relax. We monitor every document, eliminate every hurdle, and push every project to completion promptly. Today’s signings and inaugurations confirm that when Tamil Nadu makes a commitment, it produces outcomes that convert investments into industries and opportunities into jobs. That is the pace and power of our execution.”