Tamil Nadu Gets Investment Worth Rs 6,100 Crore During Stalin’s UAE Trip 

Tamil Nadu Chief Minister M.K. Stalin on Tuesday said the State had signed memoranda of understanding with six major companies for investments to the tune of ₹6,100 crores during his visit to the United Arab Emirates. 

The State signed MoU with LuLu Group for an investment of ₹3,500 crore; another MoU is with Noble Steel for ₹1,000 crore, then with Aster DM Healthcare, Sharaf Group and White House Textiles for ₹500 crore each and with Transworld for ₹100 crore.  

“Through these agreements about 14,700 people would get jobs. This trip has been successful,” said Stalin after arriving in Chennai. 

During his four-day visit to Dubai and Abu Dhabi, he said he met ministers, senior officials, and industry leaders. They had come forward to invest in power units, develop minor ports, and set up food processing and industrial parks. 

“Agreements with six major companies have been signed now. Many more agreements are to be signed in the coming months,” Stalin said, adding that he had invited investors to visit Tamil Nadu. 

“Textiles, healthcare, food processing and steel sectors would certainly see growth,” he added. 

After completing his Dubai and Abu Dhabi visit, CM Stalin has returned on Tuesday morning. It was his maiden visit to Emirates after assuming office in May 2021.   

However, thanking the Tamil diaspora in Dubai and Abu Dhabi for the grand reception, Stalin said he felt at home and wondered whether he was in Dubai or Tamil Nadu. 

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