Auto components major Bharat Forge has entered into a memorandum of understanding (MoU) with the Tamil Nadu government to invest Rs 1,000 crore over five years for expanding its manufacturing footprint in the state. The MoU is part of the Tamil Nadu Global Investors Meet 2024, and it is currently non-binding with no material impact on the company’s operations. The investment is aimed at supporting Bharat Forge’s manufacturing expansion plans in Tamil Nadu.
Bharat Forge Signs MoU with Tamil Nadu Government to Invest Rs 1,000 Crore in Manufacturing Expansion
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