The Tamil Nadu government signed a memorandum of understanding with Spain-based Edibon, a worldwide benchmark company in teaching equipment for engineering and technical education, for a commitment of Rs 540 crore to the state.
The MoU was exchanged in the presence of Chief Minister M K Stalin in Spain and the company officials on February 5 during the last leg of his visit to that country to woo investments into Tamil Nadu. The chief minister would return to the state capital on Wednesday.
The Tamil Nadu government signed a memorandum of understanding with Spain-based Edibon, a worldwide benchmark company in teaching equipment for engineering and technical education, for a commitment of Rs 540 crore to the state.
The MoU was exchanged in the presence of Chief Minister M K Stalin in Spain and the company officials on February 5 during the last leg of his visit to that country to woo investments into Tamil Nadu. The chief minister would return to the state capital on Wednesday.
State Industries Minister T R B Rajaa, Secretary to Chief Minister P Umanath, and Managing Director and CEO of Guidance Tamil Nadu V Vishnu, were present on the occasion, a release here said on Tuesday.
"Wrapped up exhilarating talks with top executives from Spain's industrial giants – Gestamp, Talgo and Edibon. Convinced them of the boundless opportunities in Tamil Nadu, India's manufacturing powerhouse. Thrilled to seal the deal with Edibon, securing a massive investment of Rs 540 crore," Stalin said in a post on 'X'.
Gestamp is a Spanish multinational automotive engineering company, while Talgo is a Spanish manufacturer of intercity, standard, and high-speed passenger trains.
Also, Stalin had a fruitful discussion with Mabtree, a company engaged in R&D in immunotherapies.
"A fitting finale to the successful visit to Spain. With such fruitful results, I will be departing from Spain tomorrow and longing to see you all after quite a few days, which feels like eternity to me. Similarly, I am grateful to the Tamil community in Spain for the warm welcome and hospitality they have shown me," the chief minister said.