Chennai: Chief minister M K Stalin on Friday said Tamil Nadu's "swift, transparent and investor-friendly" governance
model had ensured that nearly 80% of the Memorandums of Understanding (MoUs) signed by the state had translated into
actual investments. This conversion rate was a strong signal of investor confidence, he said. Inaugurating a
manufacturing unit of Bharat Innovative Glass Technologies Limited (BIGTECH) at SIPCOT estate in Pillaipakkam in
Kancheepuram district, Stalin said the commencement of production by a Fortune 500 firm—Corning International—within 17
months of signing an MoU, was a milestone that underscored Tamil Nadu's facilitative environment for industries. The
BIGTECH plant established at a cost of 1,003 crore would provide jobs for more than 840 people, he said. The MoU for
setting up the plant, which would manufacture gorilla glass for mobile phones, was signed in Jan 2024 and the foundation
stone was laid in June. "This project being completed in such a short period sends a clear message to global investors
that Tamil Nadu delivers," Stalin said. The plant will be the first in India to manufacture precision front-cover glass
using advanced processing technology. "The government has signed more than 1,000 MoUs and ensured that nearly 80% have
materialized. This is the result of our swift decision-making, transparency and sustained focus on world-class
infrastructure," he said. Reiterating the government's goal of making TN a one-trillion-dollar economy by 2030, Stalin
said development would be broad-based, covering all districts and sectors, with emphasis on creating jobs for youths