T.N., Japanese firms sign six MoUs worth ₹818 crore

Six memoranda of understanding (MoUs) were signed between Guidance Tamil Nadu and Japanese companies towards investments to the tune of ₹818.9 crore in the State. The MoUs were signed in the presence of Chief Minister M.K. Stalin in Tokyo on Monday.

Manufacturing plant

An MoU was signed between Guidance Tamil Nadu (the State’s nodal agency for investment promotion and single window facilitation) and KyoKuto Satrac, with an investment of ₹113.90 crore, for the establishment of a 13-acre plant at Mambakkam in Kancheepuram district to manufacture trailers and trucks, an official release said.