Chennai: The Hinduja Group has signed an MoU (Memorandum of Understanding) with the government of Tamil Nadu at the Tamil Nadu Gobal Investors Meet here on Monday.
It will invest INR 1200 crore over the next 3 – 5 years for strategic initiatives to deive innovation, technological advancements and overall business expansion. Mr. Shenu Agarwal, MD & CEO of Ashok Leyland, exchanged an MOU between the Hinduja Group and the Government of Tamil Nadu, at the Tamil Nadu Global Investors meet for an investment of Rs 1200 Cr. over the next 3 – 5 years, assigned for strategic initiatives to drive innovation, technological advancements and overall business expansion. This commitment also reflects the group’s vision for sustainable growth and competitiveness in the automotive sector. The group is committed to creating employment opportunities for 500- 1000 people both direct & indirect, based on the work demand.