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Govt. signs 18 MoUs entailing ₹19,995 crore in investments
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Aiming high: Chief Minister Edappadi K. Palaniswami with industry representatives on Monday.
| Photo Credit:
S R Raghunathan
Govt. signs 18 MoUs entailing ₹19,995 crore in investments Chief Minister Edappadi K. Palaniswami on Monday signed 18 memoranda of understanding, entailing ₹19,995 crore in investments and with a potential to create 26,509 jobs in Tamil Nadu.
One of the investors that the State has managed to attract in time of the COVID-19 pandemic is Ola Electric Mobility, which will open an electric two-wheeler manufacturing unit at Hosur on an investment of ₹2,354 crore. Once operational, it would generate employment for 2,182 persons. The MoU was signed by Bhavish Aggarwal, chairman and group CEO, Ola, and Mr. Palaniswami.