MK Stalin Lays Foundation for Tata Motors' Plant in Tamil Nadu
Tamil Nadu Chief Minister MK Stalin launched the construction of Tata Motors' advanced manufacturing plant in Ranipet. Promoting further investments, he highlighted the project's economic benefits and job creation potential. Gratitude was extended to Tata Motors, and a personal invite was offered to N Chandrasekaran for the plant's inauguration.
- Country:
- India
Tamil Nadu Chief Minister M.K. Stalin on Saturday initiated the construction of Tata Motors' advanced manufacturing facility at Panapakkam SIPCOT, Ranipet. During the ceremony, he underlined Tamil Nadu's critical role as a global business hub, expressing his pride in hosting the plant.
Stalin urged Tata Motors to inject more capital into Tamil Nadu, affirming the bond between the state and the corporation. He showed gratitude towards Tata Motors for their significant investment and commitment to the region.
The Chief Minister emphasized the plant's positive economic impact, projecting 5,000 new jobs and substantial regional development through a Rs 9,000 crore investment. Stalin also personally invited Tata Sons Chairman N Chandrasekaran to the inauguration, showcasing the collaboration's significance.
(With inputs from agencies.)
ALSO READ
Dollar Decline Amid Fed Speeches and Global Economic Developments
African Development Bank Approves $5.28M Grant to South Sudan for Job Creation
Rahul Gandhi Criticizes Modi's 'Monopoly Model', Proposes GST Simplification for Job Creation
Karnataka Dy CM Urges Focus on Job Creation Over Politics
Department of Posts Expands Role in Financial Inclusion and Socio-Economic Development