Tata Motors & Tamil Nadu govt sign MoU for new facility, to invest Rs.9,000 crore
India, March 14 -- Tata Motors Group has announced that the automaker has signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu to explore a new manufacturing facility in the state. The automaker has announced that it plans an investment of about Rs.9,000 crore in the state over five years, which could "potentially create" up to 5,000 direct and indirect jobs.
Tata Motors Group, along with teams from Guidance, Tamil Nadu's nodal agency for investment promotion and facilitation will take this opportunity forward, following the signing of the MoU, the automaker said in a statement.
The MoU was signed in the presence of Thiru. MK Stalin - Chief Minister of Tamil Nadu, and between V Vishnu, IAS - Managing Director & C...
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