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Moser Baer signs pact with TN govt

Moser Baer signs pact with TN govt
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First Published: Mon, Jun 09 2008. 02 12 PM IST
Updated: Mon, Jun 09 2008. 02 12 PM IST
PTI
Chennai: Data storage-devices manufacturer, Moser Baer, has inked a pact with the Tamil Nadu government for setting up a Rs2,000 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 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 Chennai, and is expected to generate 3,000 direct and indirect employment opportunities.
Earlier, the government had signed a similar MoU with Signet Solar Inc.
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First Published: Mon, Jun 09 2008. 02 12 PM IST