A senior state leader said that many companies are choosing to invest in Tamil Nadu because the state maintains strong law and order, offers a business-friendly environment, and ensures transparency in governance.

Speaking at an investors summit in the city, it was stated that 1,016 investment agreements valued at ?1,140,731 crore have been signed across 17 investment conferences held in the last four years. These investments have created over 3.4 million direct and indirect employment opportunities.

The leader added that some groups are spreading misinformation about these investments for political reasons.

As part of the state's semiconductor development mission for 2030, semiconductor parks will be established in Sulur and Palladam. The state also emphasized the need for collaboration between industry and academic institutions to build a strong knowledge-based economy, and proposed the creation of a new university research park trust to support this goal.

Highlighting the competitive environment for securing industrial investments, it was noted that Tamil Nadu competes not only with other Indian states but also with countries such as Vietnam and Thailand. Incentives are provided based on the state's financial capacity and after evaluating the long-term benefits to the state.

The government is seeking investments in every district. Following events held in other regions, the latest investors' meet underscores the state's development priorities.

Later, at the summit, the state's industries department encouraged businesses in Coimbatore and Tirupur—particularly those in the textile sector—to explore opportunities in technical textiles, assuring full government support for companies focusing on this high-growth sector.

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