Tata Electronics signs MoU, to create 18,250 jobs in Tamil Nadu
Tata Electronics has signed an MoU with the Tamil Nadu government to set up a facility for manufacturing mobile components. The project by Tata Electronics will cost Rs 4684 crores and it helps in creating jobs for 18,250 people.
N Chandrasekaran, Chairman of Tata Group said, “Tata Electronics’ Rs 4684 crore project in Krishnagiri for manufacturing mechanical enclosures for mobile phones, can create jobs for 18,250 people.”
Tamil Nadu has also signed a MoU with Grasim Industries in order to establish a paint manufacturing unit at Cheyyar. It will be established with an investment of Rs 750 crore.
Grasim Industries, a part of Aditya Birla Group, had recently announced its foray into the paints business.
In total, the state has signed 28 memoranda of understanding (MoUs) for projects envisaging investments of around Rs 28,000 crore.
