CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Royal Enfield signs agreement with Tamil Nadu govt for proposed investment of Rs. 3000 crore
Automotive Industries - Jan 10,2024 -Royal Field is all set to invest Rs 3,000 crore in Tamil Nadu in the next 8 years.
As per the details shared by the company, it has signed a Memorandum of Understanding (MoU) with a state government, preparing to spread business and set up greenfield and brownfield projects in the region.
RE’s CEO B Govindarajan said, “Tamil Nadu has been our home; anchor for our engineering, technical and manufacturing foundations for several decades. This strategic investment in Tamil Nadu marks a significant milestone for us at Royal Enfield. We extend our heartfelt gratitude to the Government of Tamil Nadu for their unwavering support, and we are eager to partner with the government and create a positive impact on the community and contribute to the state’s overall economic prosperity.”
The MoU was signed at Global Investors Meet 2024 in Chennai, where Eicher Motors Limited (Parent company of RE) says that investment will be used to develop new products, including EVs, and capacity expansion.
The expansion of work and investment in the state is expected to raise the employment rate, providing an overall 2,000 new job opportunities to the residents in both direct and indirect manner.
Recent News
◉ SWELECT Energy secures over 150 MW of solar module - Mar 13,2025◉ RVNL emerges as lowest bidder for Rs 554.64 crore road contract - Mar 13,2025
◉ MoU inked for developing Multi-Modal Logistics Park in Varanasi - Mar 13,2025
◉ Danfoss India to invest Rs 1,200 crore by 2028 - Mar 13,2025
◉ SJVN to develop Rs 9,500 crore pumped storage project - Mar 13,2025
◉ JNPA signs concession agreement for Rs 285-crore agri-processing facility - Mar 13,2025
◉ Montra Electric opens e-SCV manufacturing plant in Chennai - Mar 13,2025