Tata Motors to invest ₹9,000 cr on manufacturing unit in Tamil Nadu
The manufacturing plant is expected to produce vehicles for Tata Motors and JLR, catering to the requirements of both Indian and international markets.
The manufacturing plant is expected to produce vehicles for Tata Motors and JLR, catering to the requirements of both Indian and international markets.
The MoU envisages an investment of around ₹9,000 crore over five years.
The company aims to reportedly start production by the middle of next year for domestic sales, followed by exports.
The ranking of States is done after two rounds of evaluation of the documentary evidence submitted by States / UTs and feedback collected from the ecosystem beneficiaries.
The company signed a memorandum of understanding (MoU) with the Tamil Nadu government for investing ₹1,000 crore in the state.
Construction of the Tamil Nadu plant is anticipated to begin in 2024, says Vietnamese electric carmaker
The facility is touted to create more than 6,000 direct and indirect jobs across India.
The Export Preparedness Index evaluates the performances of states on four counts - policy, business ecosystem, export ecosystem, and export performance.
Of the total MoUs signed, 80% have either confirmed investment or have started work in the state, says industries minister T.R.B. Raaja
Spread across 115 acres, the Ola Gigafactory will begin operations by early next year