Tamil Nadu CM Stalin Signs Three MoUs With German Firms

Three Memoranda of Understanding (MoUs) were signed on Monday in the presence of Chief Minister, M K Stalin, at Dusseldorf in Germany.

Stalin is in on an official visit to lure industrial investments, with three German companies for a total investment of Rs 3,201 crore and creating employment opportunities for approximately 6,250 persons. 

After addressing a grand “Maaperum Thamizh Kanavu – Tamil Diaspora Meet” at Cologne, Stalin



oversaw the signing of the MoUs with Knorr-Bremse, Nordex Group and ebm-papst, besides holding a discussion with the BMW Group on its expansion plans in Tamil Nadu.

The MoU with Knorr-Bremse, headquartered in Munich, was signed by Marc Llistosella, CEO of Knorr-Bremse, and Oliver Kluck, Vice President for an investment of Rs 2,000 crore in Kanchipuram and Chennai to set up a state-of-the-art facility for railway doors and braking systems, an official press release said.