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TN govt signs MoU with U.S. machinery manufacturer Caterpillar

Automotive Industries  -  Sep 13,2024  - 

U.S. machinery manufacturer Caterpillar will expand its equipment manufacturing facilities in Tamil Nadu, Chief Minister MK Stalin said.

In a post on X, Stalin announced the signing of a memorandum of understanding (MoU) between the Tamil Nadu government and Caterpillar, which plans to invest in the Thiruvallur and Krishnagiri districts.

“The longstanding association between Caterpillar and Tamil Nadu has been further strengthened by new investments!” Stalin said.

Stalin’s two-week visit to the U.S. concluded with several key partnerships and investment agreements between American companies and the Tamil Nadu government.

Among the significant discussions was a meeting with Ford Motors to explore the possibility of renewing their three-decade partnership for manufacturing in Tamil Nadu to serve global markets.

Key agreements signed during the visit include an MoU with Autodesk to provide skill development for youth and support MSMEs and startups; a Rs 2,000-crore investment by Jabil in Tiruchirappalli, expected to create 5,000 jobs and establish a new electronics manufacturing cluster; a Rs 666-crore commitment by Rockwell Automation for an expansion in Kanchipuram, generating 365 jobs.

Company : Caterpillar

Ford Motors

Autodesk

Jabil

Rockwell Automation