Chennai, Dec 7 (NationPress) Chief Minister M. K. Stalin expressed his aspiration to reshape Madurai into a prominent industrial hub. Speaking at a grand investors' conference held near Chinthamani in Madurai, he emphasized that Tamil Nadu’s development model is centered on equitable and inclusive growth throughout its districts.

During this event, 91 Memoranda of Understanding (MoUs) were signed, amounting to Rs 36,665 crore, which are anticipated to generate 56,766 jobs.

The gathering, named "TN Rising Conclave," was chaired by the Chief Minister and saw the participation of leading industrial figures and high-ranking government officials.

In his speech, Stalin remarked that attracting industrial investments necessitates robust governance, stable policies, substantial infrastructure, and a conducive environment for investors.

He reaffirmed his dedication to translating investment commitments into tangible outcomes, stating that the government would vigilantly oversee the execution of every initiative.

“The state has demonstrated its capability to achieve extensive and balanced growth. Our attention is not confined to a few urban areas but is directed towards every district,” he noted, asserting that Madurai will play a pivotal role in Tamil Nadu’s upcoming industrial expansion.

Key agreements made during the conference included an MoU with Hyundai for shipbuilding in Thoothukudi, aimed at bolstering the coastal industrial and maritime manufacturing ecosystem. This initiative is expected to create both direct and indirect employment opportunities while enhancing port-linked economic activities.

In Madurai, a non-leather footwear manufacturing facility will be set up in partnership with Taiwan's PEI HAI Group, opening new avenues in export-driven manufacturing. Additionally, SFO Technologies will embark on a major expansion project in Theni for the production of electronic components, further solidifying the region's electronics manufacturing base.

Officials indicated that the diverse range of investments—covering electronics, shipbuilding, footwear, and large-scale manufacturing—illustrates Tamil Nadu’s strategy to foster varied industrial growth.

With the signing of these substantial MoUs, Madurai is poised for a significant economic transformation, aligning with the state’s vision for ongoing industrial advancement and regional equity.