New Delhi: Tamil Nadu on Monday secured two major investment commitments worth a combined Rs5,980 crore, strengthening its position as a leading destination for advanced electronics and aerospace manufacturing in the country.
In the presence of Tamil Nadu Chief Minister M. K. Stalin, the State’s investment promotion agency Guidance Tamil Nadu signed a Memorandum of Understanding (MoU) with Japan-based MinebeaMitsumi for an investment of Rs1,980 crore in Tiruvallur district. The project is expected to generate 1,400 high-end jobs.
MinebeaMitsumi is a global manufacturer of precision mechanical and electronic components, with operations across 28 countries, supplying critical components to the automotive, industrial, and electronics sectors worldwide. Its product portfolio includes semiconductors, IGBT modules, battery management systems, ball bearings, motors, sensors, connectors, switches, and power supplies.
In a post on X, Dr. T R B Rajaa, Tamil Nadu Minister for Industries, said: “This investment strengthens our precision engineering and electronics ecosystem and deepens our integration into global supply chains.”
In a separate development, Guidance Tamil Nadu also signed an MoU with Aequs Group for an investment of Rs4,000 crore. The project is set to create 7,000 high-quality jobs and will establish what is described as India’s first fully vertically integrated aircraft engine manufacturing project.
The investment will lead to the development of a 250-acre Aerospace and Defence cluster at SIPCOT Shoolagiri in Krishnagiri district. The proposed “Aerospace and Defence Park” will feature integrated facilities for manufacturing aircraft engines and gearbox components, along with shared industrial infrastructure designed to enable seamless production and exports.
Rajaa said the project will strengthen Tamil Nadu’s position in global aero-engine supply chains and reflects investor confidence in the State’s infrastructure, skilled workforce, and policy continuity. The development is also expected to boost distributed industrial growth, positioning Krishnagiri as a high-technology manufacturing hub and strengthening MSME linkages across the region.
