Chennai, March 13 -- In a landmark move one of the big ticket invetments,Tata Motors on Wednesday signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to set up a massive vehicle manufacturing facility involving an investment of Rs 9,000 crores spread over five years.
The new facility, which will provide over 5,000 jobs, will come up in Ranipet district.
The MoU was signed in the presence of Chief Minister M.K.Stalin at his camp office between Guidance Tamil Nadu, the nodal agency for attracting investments into the State, and TATA Motors officials.
Tamil Nadu Industries Minister TRB Raaja was also present.
Later, Mr Stalin in a post on X tonight said "in a landmark move, Tata Motors has inked an MoU with the Gover...