At the Investors Conference a memorandum of understanding worth Rs 34,723 crore was signed in the presence of Tamil Nadu Chief minister Mr. M.k.Stalin . Chief Minister MK Stalin visited Coimbatore and Tirupur districts yesterday and attended a function to provide welfare assistance. He then laid the groundwork for new projects and opened the completed works to the public.
The 3rd phase was the Investors Conference in Coimbatore chaired by Chief Minister MK Stalin. In this context, the Investors Conference was held in Chennai Kindi within the first month of the DMK coming to power. This was followed by the second investor conference at the Chennai Kalaivanar Arena. The 3rd phase of the Investors Conference was held in Coimbatore under the chairmanship of Chief Minister MK Stalin. And also a Memorandum of Understanding (MoU) worth Rs 34,723 crore was signed with 52 companies at the Coimbatore Investors Conference in the presence of Chief Minister MK Stalin. The investment of Rs 34,723 crore is expected to provide employment to 74,835 people.
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A memorandum of understanding (MoU) is a type of agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used either in cases where parties do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen’s agreement.
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