The MoU was exchanged in the presence of the Chief Minister of Tamil Nadu, Thiru. M.K. Stalin and signed between V Vishnu, IAS, Managing Director & CEO, Guidance, and PB Balaji, Group CFO, Tata Motors.
Tata Motors has signed an MoU with the Minister of Tamil Nadu to establish a cutting-edge vehicle manufacturing facility, committing an investment of Rs 9000 crore over a five year period, and generating up to 5000 jobs.
Following the signing of this MoU, teams from Guidance, Tamil Nadu’s nodal agency for investment promotion and facilitation and Tata Motors Group will work together to take this opportunity forward.
The MoU was exchanged in the presence of the Hon’ble Chief Minister of Tamil Nadu, Thiru. M.K. Stalin and signed between V Vishnu, IAS, Managing Director & CEO, Guidance, and PB Balaji, Group CFO, Tata Motors
The Minister for Industries Dr. TRB Rajaa, the Secretary of Industries, Investment Promotion & Commerce Department Mr. Arun Roy IAS, and senior officials of TATA Motors Group were also present.
“Over the past couple of years, Tamil Nadu has hit the fast lane and become the ultimate hub for investments, showcasing our Chief Minister’s dedication to fostering top-tier employment for our vibrant youth and amplifying our industrial prowess,” TRB Rajaa said.
“Remarkably, this initiative marks the second OEM entry into Tamil Nadu just 65 days after the Tamil Nadu Global Investors Meet 2024, showcasing the State’s reputation as a reliable, supportive, and progressive partner,” Guidance Tamil Nadu noted.
This is a developing story.