The Tamil Nadu government on Friday announced that it has signed a Memorandum of Understanding with Rapid Global Business Solutions, Inc., a US-based provider of business solutions across multiple industries.
The agreement, signed in Chicago on Sept. 12, marks a Rs 100 crore investment for the establishment of a new unit in Hosur. The MoU was signed in the presence of Tamil Nadu Chief Minister M.K. Stalin and Rapid Global's chairman and chief executive officer, Nanua Singh, along with other company representatives. Industries Minister TRB Rajaa and senior state officials were also in attendance.
During his official tour of the US, which began on Aug. 27, Chief Minister Stalin secured investment agreements totalling Rs 7,616 crore with 18 companies. He concluded his trip and departed from Chicago to Chennai on Sept. 12, receiving a warm farewell from the Tamil diaspora.
In a post on X, he said, Goodbye, USA! The CM is scheduled to land in Chennai on Saturday morning.
Goodbye, USA! pic.twitter.com/iCrayPZfT2
September 13, 2024Stalin, also the ruling DMK's chief, wrote to his party cadres that the Dravidian model of government has been putting into action the government's ideal of making Tamil Nadu the first destination of investors and the investment commitments secured in the US would provide employment opportunities to the young people.
Recalling his interaction with the Tamil diaspora in Chicago on September 7, he said they did not fail to laud the momentous schemes of the DMK government during the past three years.
(With Inputs From PTI)
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