Eaton, a Fortune 500 power management company, will invest Rs 200 crore to establish a new R&D and global application engineering centre in Chennai’s Perungudi.
In Short
- The new Eaton centre in Chennai’s Perungudi is expected to create 500 jobs
- Expansion marks Eaton’s growing presence in Tamil Nadu’s tech sector
- Chief Minister Stalin, Industries Minister attended the MoU signing ceremony
Eaton, a Fortune 500 power management company, will invest Rs 200 crore to establish a new R&D and global application engineering centre in Perungudi, Chennai. The facility is expected to create 500 jobs and marks a major expansion of Eaton’s operations in Tamil Nadu, where it already runs an electronics manufacturing unit.
The agreement was signed on Tuesday in Chicago between Eaton and Guidance Tamil Nadu, in the presence of Tamil Nadu Chief Minister MK Stalin, who is on a foreign visit, along with Industries Minister TRB Rajaa and senior officials.
According to government sources, Eaton’s move aligns with Tamil Nadu’s vision to become a hub for high-value research and development. The centre will focus on developing advanced technologies and engineering solutions for Eaton’s global markets.
“This investment reflects a broader trend of multinational companies expanding from manufacturing to R&D in Tamil Nadu, boosting the state’s capabilities in high-value technology sectors,” government sources said.
Earlier on August 31, Chief Minister Stalin visited the offices of Apple, Google and Microsoft, discussing ‘various opportunities and exciting partnerships’ with them. Stalin, who described his US visit as “awe-inspiring”, inked a pact under the ‘Naan Mudhalvan’ scheme in partnership with Google to skill two million youngsters in Tamil Nadu in AI.
Google signed a Memorandum of Understanding (MoU) with the Tamil Nadu Chief Minister in a move to set up Artificial Intelligence labs in the south Indian state