Business News | Global Giants Chubb, Nordex to Establish Maiden Chennai Centres as Tamil Nadu Expands Industrial Base
Get latest articles and stories on Business at LatestLY. Two leading global companies, Chubb of Switzerland and Nordex of Germany, will establish their centres in Chennai, Tamil Nadu, for the first time, according to an official press release.
Chennai (Tamil Nadu) [India], July 30 (ANI): Two leading global companies, Chubb of Switzerland and Nordex of Germany, will establish their centres in Chennai, Tamil Nadu, for the first time, according to an official press release.
Chubb's proposed Global Capability Centre (GCC) was expected to create employment for 220 professionals, while Nordex's proposed Research and Development (R&D) Centre was expected to generate 1,000 jobs. Combined, these two investments were projected to create 1,220 high-paying employment opportunities in the state.
Also Read | E20 Petrol May Harm BS-III Vehicle Rubber Parts and Gaskets, Nitin Gadkari Clarifies No Major Engine Issues.
Switzerland-based Chubb Group is a world leader in global property and casualty insurance, operating in 54 countries with its main headquarters located in Zurich, Switzerland.
Germany's Nordex Group is one of the world's leading OEMs with 40 years of experience in manufacturing highly efficient wind turbines for global onshore markets.
These investments aimed to further strengthen Chennai's position as a premier international hub for high-value Global Capability Centres and research activities. The projects aligned with initiatives led by the Chief Minister to promote innovation-driven industrial growth, attract knowledge- and skill-based investments, and create high-quality employment opportunities for a skilled workforce.
In the higher education sector, the University of Western Australia (UWA), one of Australia's leading research-intensive universities, announced plans to establish its campus in Chennai under the University Grants Commission (UGC) Regulations, 2023. The facility represented the first international university campus in Tamil Nadu. Founded in 1911, the institution was ranked 77th in the QS World University Rankings 2026.
The university campus, to be established in Velachery, Chennai, was planned to span approximately 50,000 square feet with an investment of around Rs 125 crore. The educational project was expected to generate more than 200 direct and indirect employment opportunities.
Expanding the state's automotive sector, South Korean automotive component manufacturer MotiveLink signed a Memorandum of Understanding (MoU) to establish a manufacturing facility at the SIPCOT Industrial Park, Pillaipakkam, in Kanchipuram district.
The agreement followed a visit by the Minister for Industries to South Korea in June 2026. MotiveLink slated an investment of Rs 300 crore for the project, which was expected to create 1,500 jobs.
Chief Minister of Tamil Nadu C Joseph Vijay stated that these investments will not only fulfil the aspirations of Tamil Nadu's youth but will also play a vital role in establishing the State as a global hub for Global Capability Centres (GCCs), research and development, higher education, and advanced manufacturing.
He further assured that the Government of Tamil Nadu would continue to provide all necessary support to facilitate these investments and ensure the successful establishment and operation of these institutions in the State. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)