Image Source: WOWNEWS24X7
MRF Ltd has signed a non-binding Memorandum of Understanding (MoU) with the Tamil Nadu government to establish a greenfield tyre manufacturing facility in Sivaganga district. The project, involving an estimated ₹53 billion investment over 12 years, is expected to create 1,000 direct jobs and strengthen MRF’s industrial footprint.
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Key Highlights
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Major investment plan: MRF Ltd announced a ₹53 billion (₹5,300 crore) investment spread over 12 years for a new greenfield tyre manufacturing facility in Sivaganga, Tamil Nadu.
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MoU signed: The company executed a non-binding MoU with the Tamil Nadu government, facilitated through the state’s nodal agency “Guidance.” This agreement marks a strategic expansion of MRF’s manufacturing base.
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Employment generation: The project is expected to create around 1,000 direct jobs, contributing significantly to local employment and skill development in the region.
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Industrial growth: The facility will focus on automotive tyres and allied products, reinforcing Tamil Nadu’s position as a leading hub for automobile and component manufacturing.
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Strategic significance: This expansion strengthens MRF’s long-term growth trajectory, aligning with rising demand in India’s automotive sector and supporting Tamil Nadu’s industrial development roadmap.
This landmark project underscores MRF’s commitment to scaling operations while contributing to regional economic growth. By investing in Sivaganga, the company is set to enhance both its production capacity and its role in India’s automotive supply chain.
Sources: InvestyWise, ScanX News, Infra Info Hub
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