Tata Motors had signed a Memorandum of Understanding with the government in March for setting up the factory.
Tamil Nadu Chief Minister MK Stalin on Saturday laid the foundation stone for a new manufacturing facility of carmaker Tata Motors, which entails an investment of Rs 9,000 crore.
The groundbreaking ceremony was held at Panapakkam in this district, about 115 km from Chennai. The factory is expected to create 5,000 new jobs.
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Besides the CM, senior DMK ministers Durai Murugan, TRB Rajaa, chief secretary N Muruganandam and Tata Sons Ltd chairman N Chandrasekaran participated in the ground-breaking ceremony.
During his speech, Stalin expressed his joy over Tata Motors’ plan to set up a manufacturing facility in TN.
“Tamil Nadu is not only the premier investment destination for large companies operating in India but also for multinational corporations. We are very pleased to have Chandrasekaran’s presence at this event. He hails from Namakkal district and heads a globally renowned company and is a proud man.” for the state,” Stalin said.
Tata Motors had signed a Memorandum of Understanding with the government in March for setting up the factory.
Tata Motors had signed a Memorandum of Understanding with the government in March for setting up the factory.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
First publication: September 28, 2024 | 12:38 pm IST