Chennai, Sep 4 (UNI) Tamil Nadu government on Wednesday signed MoUs with two Fortune 500 Companies at Chicago US. where Tamil Nadu Chief Minister M K Stalin is on an official visit to attract investments to the State.
The MoUs were signed with Intelligent power management company Eaton for setting up a new facility and Assurant Inc, headquartered in Atlanta to set up its first Global Capability Centre in Chennai.
The MoUs were signed in the presence of Mr Stalin during the second leg of his US visit at Chicago.
In a social media post, Mr Stalin said “Another fruitful day in Chicago!’
‘Exchanged MoUs with Eaton for a Rs 200 crore R&D and engineering centre expansion in Chennai, creating 500 jobs. Also secured Assurant’s first Global Capability Centre in India, coming soon to Chennai”, he said.
Assurant Inc, a Fortune 500 insurance company headquartered in Atlanta and offering disaster management products and services among major market nsurance services, to establish the firm’s first Global Capability Centre in India at Chennai.
A statement from Eaton said the expansion supports Eaton’s commitment to strengthening its footprint in India and contributing to the region’s growth in power management solutions.
The new facility will be in Sholinganallur, Chennai, and will cover 100,000 sqft and is expected to be completed by the end of 2026.
This agreement marks a significant step in Eaton’s expansion plans for its Crouse-Hinds and B-Line business, reinforcing the company’s commitment to driving innovation and growth in India through its sustainable solutions.
At the MoU signing ceremony, representatives from Eaton included Matt Hockman, Global President, Crouse-Hinds, B-Line, Oil and Gas, Eaton, Simon Mathieson, VP / GM – EMEAI, Crouse-Hinds, B-Line, Oil and Gas, Eaton, Marine Drive, Country Head, India, Eaton, Philipose Jacob, Country Director for Crouse-Hinds, B-Line, Oil and Gas India, Eaton, Herman Bennis, HR Director for Crouse-Hinds, B-Line, Oil and Gas India, Eaton.
Led by Mr Stalin, the Taml Nadu government delegation included Minister for Industries, Dr. T.R. B. Rajaa, Secretary for Industries, Investment Promotion and Commerce Arun Roy and MD and CEO, Guidance Tamil Nadu, Vishnu Venugopalan.
The Industries Minister said, “The Government of Tamil Nadu is pleased to partner with Eaton on their expansion plans. This initiative not only aligns with our vision of transforming the State into a hub of innovation and industrial growth but also showcases our commitment to the success of global leaders like Eaton in our region”.
Eaton’s expansion in the region will bring economic benefits, including job creation and the development of a highly skilled local workforce. “We are confident this partnership will work as a stimulus for further technological development and industrial growth in Tamil Nadu, reinforcing the state’s position as a leading destination for global investments,” he said.
The expanded Crouse-Hinds and B-Line facility will focus on advancing Eaton’s capabilities in digitalization, electrification, and energy transition, aligning with the company’s broader goals of driving sustainability and innovation globally.
Speaking on this occasion, Philipose Jacob said “Eaton has consistently invested in India’s talent and technology infrastructure, positioning the country as a critical hub for our global engineering and innovation efforts. Our Crouse-Hinds and B-Line office in India has been at the forefront of developing sustainable and innovative power management solutions that address some of the world’s most pressing energy challenges for harsh and hazardous environments.”
With advanced manufacturing floors, R&D facilities, an experience center, and state-of-the-art headquarters, the office will enhance Eaton’s ability to deliver innovative solutions across its various businesses, further solidifying India’s strategic importance in the company’s global portfolio, he said.
