TN govt inks pact worth Rs 900 cr with Microchip, Nokia, PayPal during CM’s visit to San Francisco

The Tamil Nadu government inked pacts with leading industrial companies including Nokia, PayPal, Yield Engineering Systems, Microchip, Infinx, and Applied Materials for a commitment of Rs 900 crore to provide employment to 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.