Eaton, a global Fortune 500 company specialising in power management solutions, is making a significant investment in Tamil Nadu with the establishment of a new R&D and global application engineering centre in Perungudi, Chennai.
This facility will be set up at a cost of Rs. 200 crores and is expected to create 500 jobs, Tamil Nadu Industries department officials said.
This move marks a significant expansion of Eaton's presence in Tamil Nadu, where they already operate an electronics manufacturing unit. An MoU on this is expected to be signed on September 3 in Chicago between Eaton and Guidance TN, where a delegation led by CM MK Stalin is visiting along with Industries Minister TRB Rajaa and senior officials from the industries department and Guidance TN.
TN Industries department sources said, Eaton's decision to set up an R&D and global application engineering centre in Chennai is a strategic move that aligns with Tamil Nadu’s broader vision of becoming a hub for high-value research and development activities.
This new centre will focus on developing cutting-edge technologies and engineering solutions that cater to Eaton's global markets, further strengthening Tamil Nadu's position as a preferred destination for R&D investments.
This investment by Eaton is part of a larger trend of multinational companies expanding from manufacturing to R&D in Tamil Nadu, thereby enhancing the state’s capability in high-value technology sectors.
Tamil Nadu government has been actively working to attract such investments, with the aim of creating more skilled jobs and fostering innovation within the state. Eaton’s new centre is expected to contribute significantly to this vision, adding to the momentum of R&D growth in the region.
The Tamil Nadu government has been instrumental in creating a conducive environment for such high-value investments. By focusing on infrastructure development, ease of doing business, and offering incentives for R&D through the R&D Policy 2022, the state has positioned itself as a competitive destination for global companies looking to establish and expand their R&D operations. Eaton’s investment is a testament to these efforts and is expected to encourage more companies to follow suit, a source said.
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