Chief Minister Stalin Courts AI Investments from BNY Mellon for Tamil Nadu

Chief Minister M K Stalin, during his visit to the US, engaged with BNY Mellon executives to attract AI investments in Tamil Nadu. The discussions aimed at creating job opportunities and promoting industrial growth in the state. The government is also enhancing youth skills through the 'Naan Mudhalvan' program.

Chief Minister M K Stalin, currently touring the United States, has invited senior officials from BNY Mellon to invest in Tamil Nadu, focusing on potential opportunities in artificial intelligence (AI).

During the meeting on Saturday, Stalin discussed exploring AI investments with BNY Mellon's executives, emphasizing the transformative power of technology. The chief minister posted on the social media platform 'X,' stating, 'Let's embrace the future through technology, harnessing AI's transformative power!'

An official release highlighted that under Stalin's leadership, Tamil Nadu has achieved several industrial milestones over the past three years. The government's strategic plans aim to advance sectors such as information technology, electronics, and innovation, creating numerous job opportunities for the local workforce. The large-scale skill development program, 'Naan Mudhalvan,' aims to equip Tamil Nadu's youth with necessary skills to meet future technological demands.

BNY Mellon, headquartered in New York with several branches in India, plans to introduce advanced AI technologies in Tamil Nadu's banking sector. The corporation has chosen Chennai as one of its six key hubs, given the state's vast pool of engineering graduates. The company is also exploring partnerships with leading research institutions to further technological advancements.

State Industries Minister T R B Rajaa, BNY Mellon's Deputy Chairman Senthil Kumar, Head of the Artificial Intelligence Division Sarthak Patnaik, Secretary of Industries, Investment Promotion, and Commerce V Arun Roy, and Managing Director and CEO of Guidance Tamil Nadu V Vishnu, were present during the meeting.

(With inputs from agencies.)