Tamil Nadu Chief Minister M.Ok. Stalin on Tuesday unveiled the muse stone for Mitsubishi Electrical India’s manufacturing unit in Tiruvallur district, which might manufacture air-conditioners and compressors. Mitsubishi would make investments ₹1,891 crore into this venture, which is predicted to generate employment for over 2,000 folks.
An MoU for the venture was signed between the Tamil Nadu authorities and Mitsubishi Electrical, within the presence of Industries Minister Thangam Thennarasu, Consul Common of Japan in Chennai Masayuki Taga, senior officers of the Tamil Nadu authorities and representatives from Mitsubishi.
The manufacturing unit could be unfold over 52 acres at Peruvoyal in Gummidipoondi taluk and is predicted to start manufacturing in October 2025. The unit goals to fabricate three lakh air conditioners and 6.5 lakh compressors, an official launch from Mitsubishi Electrical mentioned.
Throughout his speech, Mr. Stalin mentioned Tamil Nadu has been within the forefront to welcome contemporary industrial investments into the State and additional mentioned TN was shifting forward to understand its goal of achieveing a 1 trillion USD financial system by 2030.
Mr. Thennarasu mentioned TN was a pioneer in electrical automobiles and that it was main within the renewable power sector and it continued to be first port of name in India when it got here to investments. He additionally thanked the Chief Minister for main the TN to stay the “haven of peace’ that attracted industrial investments into the State.
Industries Secretary S. Krishnan, Managing Director and Chief Eexecutive Officer of Steerage Tamil Nadu V. Vishnu, Managing Director of Mitsubishi Electrical India Kazuhiko Tamura, Group President of Mitsubishi Electrical Company Yasumichi Tazunoki and Consul Common of Japan in Chennai Masayuki Taga have been amongst these current.