Tamil Nadu signs business pacts worth Rs 800 crore with Japanese companies

A total of six MoUs were signed in Tokyo, envisioning a total investment of Rs 818.90 crore in the fields of automotive spares, construction engineering, and metals used in space and defense

Photo: Tamil Nadu Chief Minister M K Stalin (Source: ANI)

Photo: Tamil Nadu Chief Minister M K Stalin (Source: ANI)

BS Web Team New Delhi

Listen to This Article

The Tamil Nadu government on Monday signed memoranda of understanding (MoU) worth Rs 818.90 crore with Japanese firms during Chief Minister M K Stalin's ongoing visit to that country.
A total of six MoUs were signed in Tokyo in the fields of automotive spares, construction engineering, metals used in space and defense, and construction, according to an official release.
The companies in Japan that signed the MoUs included KyoKuto Satrac, Mitsuba, Shimizu Corporation, Kohyei, Sato-Shoji Metal Works, and Tofle. 
Guidance Tamil Nadu, the state's nodal agency for investment promotion and single-window facilitation, signed the memoranda on behalf of the state government.
According to the agreement reached, the firms will invest in various parts of the state including in Kancheepuram and Tiruvallur districts. 
State Industries Minister TRB Rajaa and a few officials were present during the signing of the MoUs. Earlier, Chief Minister M K Stalin was present at  an investors' meet jointly organised with Japan External Trade Organisation (JETRO).

Also Read

Tamil Nadu BJP chief accuses Stalin of corruption; DMK says political stunt

Tamil Nadu to achieve carbon neutrality before India's 2070 target: Stalin

Tamil Nadu says won't transfer land ownership to AAI for Coimbatore airport

Invest Rajasthan Summit proposals in implementation stage, says minister

Tamil Nadu CM Stalin inaugurates second unit of TNPL hardwood pulp mill

Sustainable mining technology need of the hour: Minister Pralhad Joshi

Solar capacity installations down by 48% during Jan-Mar: Marcom report

Explained: Why RAPIDX is urban transport's Next Big train of thought

Tyremaker Bridgestone looks to expand retail footprint in India this year

790 million tonnes and rising: Big & small MDOs help meet coal demand

He also extended an invitation to them to attend a proposed global investors' conclave in Tamil Nadu in January 2024, the release added.
Stalin had left for Singapore and Japan last week as part of his government's outreach to attract foreign investment.

First Published: May 29 2023 | 7:10 PM IST

Explore News