Overview
- MRF executed a preliminary MoU with Tamil Nadu’s nodal agency Guidance to facilitate a greenfield facility for automotive tyres and allied products at SIPCOT Industrial Park in Sivaganga.
- The company outlined an estimated outlay of about Rs 5,300 crore to be invested over 12 years in phased implementation.
- MRF said the project, when implemented, is expected to generate approximately 1,000 direct jobs.
- The agreement is non-binding and subject to a customised incentive package, infrastructure support including land, and statutory approvals from the state.
- MoU documents were exchanged at the state Secretariat in the presence of Chief Minister M.K. Stalin, with MRF leaders K.M. Mammen and Arun Mammen and Guidance MD-CEO Darez Ahmed participating.