TN CM Stalin signs MoU with Eaton to set up R&D centre worth Rs 200 cr

Over century-old intelligent power management company Eaton would establish its research and development centre in Tamil Nadu, reinforcing the company's commitment to strengthen its footprint in the country. The new facility to be spread across 1 lakh sq ft would come up in neighbouring Sholinganallur, Chengalpet district and expected to be completed by 2026 end. Chief Minister M K Stalin, Minister for Industries TRB Rajaa who are currently in the United States to woo investors to the state signed a memorandum of understanding with top officials of Eaton. In a social media post, Stalin said the company would invest Rs 200 crore in Tamil Nadu for setting up the Research and Development centre, that would create 500 new jobs. "Eaton has consistently invested in India's talent and technology infrastructure, positioning the country as a critical hub for our global engineering and innovation efforts." said Eaton Country Director-India Philipose Jacob -- Crouse-Hinds, B-Line, Oil and ...