Tata Motors Set To Build A Rs.9,000 Crore Manufacturing Unit In Tamil Nadu
By: Geetanjali
Tata Motors has inked a pact on Wednesday, March 14, 2024, with the southern state of Tamil Nadu to build a Rs.9,000 crore vehicle manufacturing unit in the state, in the next five years.
As per the insider, Tata Motors mentioned that this move will help generate employment opportunities in the state, with 5000 direct opportunities will be created in the coming years.
This is the second such investment in the vehicle manufacturing sector in the state, during the last two months. After the Vietnamese electric car manufacturer VinFast commenced its Indian manufacturing unit in Thoothukudi, Tamil Nadu.
For which the Vietnamese EV manufacturers plan to invest Rs.4,000 crore in the next five years. Which anticipated to create 3,000 to 3,500 employment opportunities in the state in the upcoming years.
To announce the MoU signed between the Tamil Nadu Government and Tata Motors, Chief Minister M.K Stalin posted on social media platform X.
In a landmark move, @TataMotors has inked an MoU with the Government of Tamil Nadu to establish a vehicle manufacturing facility, investing Rs. 9000 crores and creating over 5000 jobs.
With this investment, Tamil Nadu further solidifies its position as the unrivaled automobile… https://t.co/cAuSMe0wog
— M.K.Stalin (@mkstalin) March 13, 2024
Pact signed in the presence of CM M.K.Stalin, Senior officials of Tata Motors and Minister of Industries, Tamil Nadu Government Dr. T.R.B Rajaa.
🎉 Another BILLION DOLLAR INVESTMENT comes into #TamilNadu ! 🚘
🌟 #TataMotors and the Government of Tamil Nadu are revving up for an epic journey!
In the presence of our Honourable @CMOTamilNadu Thiru. @MKStalin avargal, @TataMotors today signed an MoU with the Government of… https://t.co/cAjpHJvUDd pic.twitter.com/K3RTTNewmK
— Dr. T R B Rajaa (@TRBRajaa) March 13, 2024
Posting on social media platform X Dr. T.R.B Rajaa said in his post, “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.
We’re not just building factories; we’re engineering dreams and accelerating towards a brighter, more prosperous future!”
