Stalin lays stone for Tata Motors' Rs 9000 cr plant, appeals for more investment in TN
According to Tata Motors, production at the factory is expected to begin in a phased manner and the facility would reach a capacity of 2.50 lakh units a year, over the next five to seven years.
CM Stalin launched the work to set up the manufacturing unit for the iconic Jaguar Land Rover vehicles in Ranipet district
CHENNAI: Chief Minister MK Stalin on Saturday laid the foundation stone for Tata Motors' new facility here that would produce sports cars and SUVs. The Rs 9,000 crore plant would produce next-generation vehicles for both Tata Motors and Jaguar Land Rover (JLR), the British arm of the auto major.
According to Tata Motors, production at the factory is expected to begin in a phased manner and the facility would reach a capacity of 2.50 lakh units a year, over the next five to seven years.
The ground-breaking ceremony was held at Panapakkam in this district, about 115 km from Chennai. The facility is expected to generate 5,000 new jobs.
Besides the CM, senior DMK Ministers Duraimurugan, TRB Rajaa, Chief Secretary N Muruganandam, and Tata Sons Ltd Chairman N Chandrasekaran participated in the ground-breaking ceremony.
The plant would cater to both domestic and overseas markets and utilise renewable energy for running the operations.
Stalin expressed joy over Tata Motors' plan to set up a manufacturing facility in TN. "Tamil Nadu is the first investment destination not only for big companies that operate in India but also for multinational corporations. We are delighted with the presence of Chandrasekaran in this event. Hailing from Namakkal district and leading a globally renowned company, he is a pride for the State," Stalin said.
Stalin also appealed to the Tata Group to make additional investments in Tamil Nadu through its companies.
“I acknowledge that you are already doing so. It is your responsibility. This is not just my State or your State, It’s our State,” he noted.
Chandrasekaran said, "We are pleased to make Panapakkam the home of our next generation of cars and SUVs, including electric and luxury vehicles. Tamil Nadu is a leading industrial state with progressive policies and an established automotive hub with a qualified and talented workforce."
He said several Tata Group companies have been operating from Tamil Nadu, and "we now intend to build our advanced vehicle manufacturing plant here using cutting-edge manufacturing technology and world-class sustainability practices."