The Tamil Nadu government has signed a Memorandum of Understanding (MoU) with Caterpillar, a leading construction and mining equipment manufacturer, in the presence of Chief Minister M K Stalin in Chicago. Caterpillar plans to invest ₹500 crore to expand its construction equipment manufacturing operations in the Tiruvallur and Krishnagiri districts.
After signing the MoU with Caterpillar’s Senior Vice President Kirk Eppler and Country Manager Bhuvan Ananthakrishnan, Stalin shared on X, ‘The longstanding partnership between Caterpillar and Tamil Nadu has been further strengthened by this new investment.’ During his US visit, Stalin has so far secured MoUs worth ₹7,016 crore with 16 companies in San Francisco and Chicago.
Caterpillar’s Tiruvallur plant, established in 1971, was its first production unit in India, focusing on compact construction and mining equipment under the Cat and Hindustan brands. The facility employs around 1,500 people. In addition to producing backhoe loaders, skid steer loaders, off-highway trucks, and hydraulic excavators, Caterpillar’s Hosur facility manufactures engines, gensets, and drivetrain transmissions for power generation and transmission.
The Tamil Nadu government’s MoU with Caterpillar marks a significant boost to the state’s industrial and economic landscape. With Caterpillar’s commitment to invest ₹500 crore, this expansion will enhance its manufacturing capabilities in Tiruvallur and Krishnagiri, contributing to local employment and economic growth. Chief Minister M K Stalin’s efforts in securing over ₹7,000 crore in investments during his US visit underscore Tamil Nadu’s growing attractiveness as a global investment destination. This collaboration not only strengthens the long-standing partnership between Caterpillar and Tamil Nadu but also positions the state as a key player in the construction and mining equipment sector.
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