Moser Baer signs pact with TN govt
Moser Baer on Monday inked a pact with the Tamil Nadu government for setting up a Rs 2000 crore plant at Oragadam, to produce nano materials and photovoltaic products.
By PTI |
CHENNAI: Data storage-devices manufacturer, Moser Baer, on Monday inked a pact with the Tamil Nadu government for setting up a Rs 2,000 crore plant at Oragadam, to produce nano materials and photovoltaic products.
State Industries Secretary, MF Farooqui and Deepak Puri, CMD, Moser Baer India, signed the MoU in the presence of Chief Minister M Karunanidhi, an official press release here said.
According to the release, the company's plant would come up at the Small Industries Promotion Corporation of Tamil Nadu (SIPCOT) plant at Oragadam near here, and was expected to generate 3,000 direct and indirect employment opportunities.
The government had signed a similar MoU with Signet Solar Inc. in March, the release said adding that with today's MoU with Moser Baer, Tamil Nadu was poised to become a hub in the production of photovoltaic products.
Moser Baer is also a player in the entertainment industry.
State Industries Secretary, MF Farooqui and Deepak Puri, CMD, Moser Baer India, signed the MoU in the presence of Chief Minister M Karunanidhi, an official press release here said.
According to the release, the company's plant would come up at the Small Industries Promotion Corporation of Tamil Nadu (SIPCOT) plant at Oragadam near here, and was expected to generate 3,000 direct and indirect employment opportunities.
The government had signed a similar MoU with Signet Solar Inc. in March, the release said adding that with today's MoU with Moser Baer, Tamil Nadu was poised to become a hub in the production of photovoltaic products.
Moser Baer is also a player in the entertainment industry.
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