Tamil Nadu announced a fresh set of investment commitments worth ₹9,820 crore, expected to generate over 4,000 jobs, at the inauguration of UMAGINE TN 2026, the state’s flagship technology and innovation conference.
Chief Minister MK Stalin, inaugurating the event, said the investments underscore Tamil Nadu’s emergence as a hub for Global Capability Centres (GCCs), advanced R&D for artificial intelligence, and fintech, built on the state’s strengths in manufacturing and digital innovation.
Among the major announcements was Better Compute Works, which will invest ₹5,000 crore in AI data centres, creating 1,500 jobs.
With Eros GenAI, Eros Innovation committed ₹4,500 crore, generating an estimated 1,000 jobs, while marketing tech company Phantom Digital announced an investment of ₹100 crore to generate 1,000 jobs.
Healthcare startup Rewin Health will invest ₹50 crore with 350 jobs, and SaaS firm Cube84 announced a ₹20 crore investment, creating 300 jobs. WeLoadin Studio LLP will invest ₹150 crore with 150 jobs.
In his address, Stalin said Tamil Nadu’s technology-led growth “did not happen in silos” but was the outcome of combining social justice with economic expansion.
“We are ensuring that this development spreads across the state, including tier-2 and tier-3 cities,” the Chief Minister said, pointing to Coimbatore, Tiruchirappalli, Madurai and Tirunelveli as emerging contributors to the state’s technology ecosystem.
Citing data from the Software Technology Parks of India, Stalin said 32 out of Tamil Nadu’s 38 districts are now exporting software, highlighting the depth of the state’s digital footprint.
Palaniappan Thangavelu Rajan, minister for information technology and digital services, said UMAGINE was conceived to promote equitable access, inclusion and exposure in the technology sector.
“This conference brings together the best minds from around the world to inspire people to think of a better tomorrow,” PTR said, noting that UMAGINE is now in its fourth edition, helping the state build institutional capability to host large-scale global technology events, comparable to Karnataka’s long-running Bengaluru Tech Summit.
PTR said attendance at the conference has grown steadily, with over 13,000 visitors last year, and participation is expected to be higher this year.
Highlighting new initiatives this year, PTR said the government expanded UMAGINE DX, a distributed lecture series conducted across 60 educational institutions in 23 districts. These sessions featured 153 speakers, including 91 alumni, and were attended by more than 18,000 students.
On startups, PTR said the state received over 400 applications, of which around 40 startups were selected to showcase their products at UMAGINE TN 2026. Winners will get opportunities for international exposure in Sharjah, Dubai, Singapore, and other global hubs, through a partnership with the Dubai World Trade Center.
He also underscored the government’s push into AVGC (animation, visual effects, gaming and comics) and creative technologies, citing the state’s AVGC policy, a centre of excellence, and Tamil Nadu hosting the Game Developers Conference of India in Chennai after a gap of 17 years.
This year’s UMAGINE edition features a dedicated track on creative arts in the age of AI, reflecting the convergence of technology with Tamil Nadu’s cultural and creative industries.
UMAGINE TN 2026 will run for two days, bringing together policymakers, technology leaders, startups, students, and global delegates.
The chief minister also launched the state’s deep tech policy at the event.
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