Small Business

Michelin inks pact for factory in Chennai

France’s Michelin, the world’s second largest tyre manufacturer, signed a memorandum of understanding with the Tamil Nadu government on Monday to set up a factory near Chennai. The project would attract Rs 4,000 crore investment over the next seven years. - FIPB to consider Jet"s foreign fund raising plans - FIPB to consider Rs 547 cr FDI proposal of Teesta Urja - FIPB defers decision on United Breweries warrants proposal - Govt clears 22 FDI proposals worth Rs 541 cr - Govt clears 29 FDI proposals worth Rs 616 cr - Indian promoter-run firms gain most from new rules The tyre major got Foreign Investment Promotion Board clearance in July for establishing a wholly-owned subsidiary and planning a manufacturing facility, plus a nod for investing up to Rs 11,000 crore in the country.


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