Tamil Nadu Chief Minister M.Okay. Stalin lays foundation ceremony for Air-conditioner and Compressor manufacturing facility project by Mitsubishi Electric India (MEI) at a perform held in Chennai on May 9, 2023.
| Photo Credit: Raghunathan S.R.
Tamil Nadu Chief Minister M.Okay. Stalin on Tuesday unveiled the foundation stone for Mitsubishi Electric India’s manufacturing facility in Tiruvallur district, which might manufacture air-conditioners and compressors. Mitsubishi would make investments ₹1,891 crore into this project, which is predicted to generate employment for over 2,000 individuals.
An MoU for the project was signed between the Tamil Nadu authorities and Mitsubishi Electric, in the presence of Industries Minister Thangam Thennarasu, Consul General of Japan in Chennai Masayuki Taga, senior officers of the Tamil Nadu authorities and representatives from Mitsubishi.
The manufacturing facility can be unfold over 52 acres at Peruvoyal in Gummidipoondi taluk and is predicted to begin manufacturing in October 2025. The unit goals to fabricate 3 lakh air conditioners and 6.5 lakh compressors, an official launch from Mitsubishi Electric mentioned.
During his speech, Mr. Stalin mentioned Tamil Nadu has been in the forefront to welcome recent industrial investments into the State and additional mentioned TN was shifting forward to grasp its goal of achieveing a 1 trillion USD economic system by 2030.
Mr. Thennarasu mentioned TN was a pioneer in electrical autos and that it was main in the renewable power sector and it continued to be first port of name in India when it got here to investments. He additionally thanked the Chief Minister for main the TN to stay the “haven of peace’ that attracted industrial investments into the State.
Industries Secretary S. Krishnan, Managing Director and Chief Eexecutive Officer of Guidance Tamil Nadu V. Vishnu, Managing Director of Mitsubishi Electric India Kazuhiko Tamura, Group President of Mitsubishi Electric Corporation Yasumichi Tazunoki and Consul General of Japan in Chennai Masayuki Taga have been amongst these current.
