New Delhi: Tata Motors Group, India’s main producer of business and passenger automobiles has signed a facilitation Memorandum of Understanding (MoU) with the Authorities of Tamil Nadu to discover setting-up of a automobile manufacturing facility within the state.
The MoU envisages an funding of INR 9,000 crores over 5-years and may probably create as much as 5,000 jobs (direct and oblique). Following the signing of this MoU, groups from Steering, Tamil Nadu’s nodal company for funding promotion and facilitation, and Tata Motors Group will work collectively to take this chance ahead.
The MoU was exchanged within the presence of state Chief Minister M.Ok. Stalin and signed between V Vishnu, Managing Director and CEO, Steering Tamil Nadu, and PB Balaji, Group CFO, Tata Motors. The Minister for Industries TRB Rajaa, the Secretary of Industries, Funding Promotion & Commerce Division Arun Roy and senior officers of Tata Motors Group had been additionally current.
