6 MoUs Signed Between Tamil Nadu Government And Organisations In Singapore; Hi-P International To Set Up Electronics Parts Manufacturing Unit
The Tamil Nadu government signed six memoranda of understanding (MoU) with various organisations of Singapore in the presence of Chief Minister MK Stalin and Singapore's Minister of Trade Relations, S Iswaran.
The most important of the MoUs was the one signed between Hi-P International Pvt. Ltd and Guidance Tamil Nadu, the state government's nodal agency for investment promotion to set up an electronic spare parts manufacturing factory.
The unit would come up at a cost of Rs 312 crore and is expected to create around 700 jobs.
Guidance Tamil Nadu also signed MoUs with the Singapore Indian Chamber of Commerce and Industries (SICCI) and the Singapore University of Technology and Design.
These were related to areas such as research and development, technology transfer and assistance in exports.
State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT), Facilitating MSMEs of Tamil Nadu (FaMe TN) and Tamil Nadu Startup and Innovation Mission (TANSIM) signed MoUs with the Singapore -India Partnership Office. These were in the areas of start-ups and technical education.
The Tamil Nadu Skill Development Corporation signed an MoU with ITE Education Services for skill development and technology transfer.
During his visit to Singapore, Chief Minister Stalin also met the Chief Executive Officers (CEOs) of Temasek, Sembcorp, and CapitaLand. He urged them to invest in sectors like renewable energy and food processing.
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