The Tamil Nadu government signed six memoranda of understanding (MoU) worth ₹818.90 crore with Japanese firms during Chief Minister MK Stalin's ongoing visit to Japan.
The MoUs were signed in Tokyo in the fields of automotive spares, construction engineering, metals used in space and defence, and construction. The companies that signed the MoUs included KyoKuto Satrac, Mitsuba, Shimizu Corporation, Kohyei, Sato-Shoji Metal Works, and Tofle.
Guidance Tamil Nadu, the state's nodal agency for investment promotion and single-window facilitation, signed the MoUs on behalf of the state government.
The firms will invest in various parts of the state, including Kancheepuram and Tiruvallur districts.
State Industries Minister TRB Rajaa and a few officials were present during the signing of the MoUs. Earlier, Chief Minister M K Stalin attended an investors' meet jointly organised with Japan External Trade Organisation (JETRO).
He also invited them to attend a proposed global investors' conclave in Tamil Nadu in January 2024.
Stalin left for Singapore and Japan last week as part of his government's outreach to attract foreign investment.
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