Tamil Nadu signs ₹5,980 Crore MoUs for Electronics and Aerospace Investments

Key facts

• On 16 February 2026, the Government of Tamil Nadu signed two Memorandums of Understanding (MoUs) totalling ₹5,980 crore to strengthen advanced manufacturing in electronics and aerospace.
• MinebeaMitsumi signed an MoU with Guidance Tamil Nadu (Guidance TN) to invest ₹1,980 crore in the Tiruvallur district for manufacturing precision mechanical and electronic components.
• The MinebeaMitsumi project is expected to generate approximately 1,400 high-end jobs in sectors including automotive, industrial, and electronics.
• Aequs Group signed an MoU worth ₹4,000 crore to establish India’s first fully vertically integrated aircraft engine manufacturing project.
• The Aequs Group project will be situated on a 250-acre site at the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Shoolagiri, Krishnagiri district.
• The aerospace initiative is projected to create 7,000 high-quality jobs and will feature an Aerospace and Defence Park for manufacturing aircraft engine and gearbox components.
• The investments aim to benefit local youth and Micro, Small and Medium Enterprises (MSMEs) while positioning Krishnagiri as a high-technology manufacturing centre.