Tamil Nadu CM visits San Francisco, inks pact with Microchip, Nokia, PayPal

The Tamil Nadu government has inked pacts with leading companies including Nokia, PayPal, Yield Engineering Systems, Microchip, Infinx, and Applied Materials for an investment commitment of Rs 900 crore and employment of 4,100 people in Chennai, Coimbatore and Madurai, the government said on Friday.

Six companies signed the Memorandum of Understanding (MoUs) in the presence of Tamil Nadu Chief Minister M K Stalin and officials during the investors’ meeting in San Francisco, an official release here said.