MRF Ltd has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest an estimated 5,300 INR-Crore for a tyre manufacturing plant in Sivaganga. The proposed greenfield tyre manufacturing facility will come up at SIPCOT Industrial Park. The agreement was announced on Wednesday, March 4.
The proposed plant will be developed over 12 years. Meanwhile, the company signed a non-binding MoU through the state’s investment promotion agency. However, the proposal remains subject to statutory approvals, land allocation and a customised incentive package from the state government.
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The upcoming facility will manufacture automotive tyres and allied products. Once operational, it will generate direct employment for around 1,000 people. The MRF Sivaganga plant will add significant manufacturing capacity in Tamil Nadu. It will also strengthen the state’s position in India’s automotive and tyre manufacturing ecosystem.
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