As part of efforts to tap more investments in the state, Tamil Nadu government today signed Memorandum of Understandings with five automobile majors with an investment of at least Rs 5,700 crore to create 9,530 jobs.
The MoUs with Daimler India Commercial Vehicles Private Limited, India Yamaha Motor Limited, Ashok Leyland-Nissan Motor Company Limited, Eicher Motors Limited and Philips Carbon Black Limited were signed in the presence of Chief Minister J Jayalalithaa.
Flagship Ashok Leyland and Japanese-automajor Nissan for setting up Rs 4,150 crore light commercial vehicle manufacturing plant here, Jayalalithaa said. Though the two companies had signed an agreement with the previous government in 2008 for the project, it did not take off as the land was not allotted. The land was allotted only in February 2011, she said, adding, even some of the requirements made by the company were not met by the previous Government. The project would provide 3000 jobs
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