Key Highlights
- MRF signs a non binding Memorandum of Understanding with the Government of Tamil Nadu.
- The project involves a greenfield automotive tyre and allied products manufacturing facility.
- The proposed investment for the project is approximately ₹5300 crore.
- The facility is planned at SIPCOT Industrial Park in Sivaganga district Tamil Nadu.
- The investment is expected to be implemented over a period of 12 years.
- The project is expected to generate direct employment for around 1000 people.
MRF Limited has entered into a non binding Memorandum of Understanding with the Government of Tamil Nadu to facilitate the establishment of a new greenfield manufacturing facility for automotive tyres and allied products in the state.
The agreement was signed through Guidance Tamil Nadu, the state’s nodal investment promotion agency. The proposed facility will be located at the SIPCOT Industrial Park in Sivaganga district, which is being developed as a major industrial hub.
According to the company, the proposed project involves an estimated investment of about ₹5300 crore. The investment is expected to be implemented over a period of approximately 12 years as the manufacturing infrastructure and related facilities are developed in phases.
The Memorandum of Understanding is non binding in nature and remains subject to the approval of a customised incentive package, infrastructure support including land allocation, and statutory approvals from the Government of Tamil Nadu under applicable regulations.
Once implemented, the facility is expected to significantly expand MRF’s manufacturing capacity in the automotive tyre segment. The project is also expected to generate direct employment opportunities for approximately 1000 people.
The proposed investment is expected to contribute to industrial growth in the Sivaganga district while strengthening Tamil Nadu’s position as one of India’s major automotive and manufacturing centres.