On June 4, 2023, Larsen & Toubro (L&T) formalized a memorandum of understanding (MoU) with the Tamil Nadu government to invest ₹18,600 crore across three significant projects that are expected to create approximately 8,200 direct jobs. The MoU was signed in Chennai, attended by Tamil Nadu Chief Minister C Joseph Vijay and L&T Chairman and Managing Director SN Subrahmanyan. The largest component of this investment is a ₹15,000 crore data center expansion in Kancheepuram district, projected to generate 500 jobs. Additionally, L&T plans to invest ₹2,500 crore in an Electronics Manufacturing Services facility in Coimbatore, which will create around 2,000 jobs. Furthermore, the company will expand its Kattupalli shipyard in Tiruvallur district with an investment of ₹1,100 crore, leading to the creation of 5,700 jobs. These initiatives are designed to enhance Tamil Nadu's digital infrastructure, bolster the electronics manufacturing ecosystem, and support offshore wind construction. The Tamil Nadu government views these investments as key to achieving its goal of a $1.5 trillion economy by 2036.