Tamil Nadu Inks MoUs Worth Rs 55.67 Billion Boosting MSME Investments

05 Dec 2023 CW Team

In a significant development for Tamil Nadu's economic landscape, the state government has recently signed memoranda of understanding (MoUs) totalling a substantial Rs 55.67 billion in investments for Micro, Small, and Medium Enterprises (MSMEs). These agreements, aimed at fostering growth and job creation, cover a diverse range of sectors, including manufacturing, technology, and services. The committed investments are poised to inject vitality into the local business ecosystem, fuelling innovation and bolstering the state's position as a thriving hub for entrepreneurial ventures. The signed MoUs reflect a concerted effort to attract capital and expertise, fostering a conducive environment for MSMEs to flourish. Key sectors benefiting from this injection of funds include sustainable manufacturing, digital technologies, and export-oriented enterprises. The move aligns with the government's broader vision to stimulate economic development, create employment opportunities, and enhance the overall competitiveness of Tamil Nadu on the national and global stage.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..