TN CM MK Stalin winds up Spain trip, signs MoUs for ₹540 crore investment with Edibon

The MoU was exchanged in the presence of Chief Minister MK Stalin in Spain and the company officials on 5 February.

ByPTI

Published Feb 06, 2024 | 7:28 PMUpdatedFeb 06, 2024 | 7:28 PM

MK Stalin with officials in Spain. (X)

The Tamil Nadu government signed a memorandum of understanding (MoU) with Spain-based Edibon, a worldwide benchmark company in teaching equipment for engineering and technical education, for a commitment of ₹540 crore to the state.

The MoU was exchanged in the presence of Chief Minister MK Stalin in Spain and the company officials on 5 February 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, 7 February.

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’Thrilled to seal the deal’

State Industries Minister TRB 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 in Chennai 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 ₹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 an 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.

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