25 foreign firms to set up base in TN

Twenty-five foreign companies, who have signed memorandum of understandings at the Vetri Tamil Nadu Investment Conclave 2026, will be setting up their first-ever India facility in Tamil Nadu.

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Germany’s Bitzer, a leading global manufacturer of HVAC compressors, will make its India debut in Kanchipuram with an investment of Rs 300 crore.

Taiwan’s Bao Yan India Shoe will set up its first India plant in Vellore with Rs 240 crore, creating 3,000 jobs, bringing manufacturing for international brands Geox of Italy and L.L. Bean of the United States to Tamil Nadu.

Malaysia’s Kinesis Semiconductor will establish India’s first localised semiconductor wire-bonding materials facility in Chennai.

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