In the presence of Chief Minister M.K. Stalin, a Memorandum of Understanding (MoU) was signed between Tamil Nadu and the Singapore-based M/s. IGSS Ventures Pte Ltd to build a 300-acre semiconductor high-tech park in the State with an investment and grants of 25,600 crore. At the function held at the Secretariat were Industries Minister Thangam Thennarasu, Chief Secretary V. Irai Anbu, and other top officials. In the next five years, the project is expected to directly employ more than 5,000 individuals, according to an official press release.
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