Pegatron, Tata Electronics, others ink Rs 28k-crore pacts with TN govt

Tata Electronics, Apple’s contract manufacturer Pega­tron, and Grasim and 25 other firms signed memoranda of understanding (MoUs) worth over Rs 28,053 crore with the Tamil Nadu government on Tuesday. These MoUs would create 68,775 jobs in the state, the government said.

The MoUs were signed in the presence of Tamil Nadu Chief Minister E K Palani­swami, who also released the state’s Industrial Policy 2021, MSME Policy 2021, and inaugurated eight projects worth Rs 3,377 crore, which are ex­pected to generate 7,139 jobs. These projects include the French carmaker PCA Auto­mobiles’ Rs 1,250-crore car man­ufacturing facility and Ather Energy’s Rs 635-crore two-wheeler facility.