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Tata Motors and Tamil Nadu Government Ink MoU for ₹9,000 cr Vehicle Manufacturing Plant
Tata Motors recently announced a partnership with the Tamil Nadu government to establish a vehicle manufacturing plant in the state. This agreement, outlined in a regulatory filing, involves an investment of approximately ₹9,000 crore over the next five years and has the potential to generate up to 5,000 direct and indirect job opportunities. After signing of the memorandum of understanding (MoU), Tata Motors and Guidance, Tamil Nadu's agency for investment promotion, will collaborate to advance this initiative.
PM Modi Lays Foundation for India's First Semiconductor Facility
PM Narendra Modi has set the stage for India's first chip fabrication unit in Dholera, Gujarat, signaling a major advancement in the country's chip manufacturing sector.
The Cabinet has greenlit three major projects in this endeavor Tata-PSMC chip foundry valued at ₹91,000 crore, Tata OSAT facility costing ₹27,000 crore and the CG Power-Renesas project worth ₹7,600 crore.
Tata Group's chip fabrication unit is ready to enhance India's self-sufficiency and position the nation as a prominent manufacturing hub.
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