Chennai, May 30 (KNN) The Tamil Nadu government on Monday signed six agreements with Japanese companies to attract investments worth Rs 820 crore.

The MoUs were signed in the presence of chief minister M K Stalin, at the end of an investors conclave, organised by the Japan External Trade Organization (JETRO) in Tokyo.

Amongst the MoUs signed, three of the six MoUs were signed by Guidance Tamil Nadu along with Chennai-based Polyhose group with its three Japanese joint venture companies Kohyei, Sato-Shoji Metal Works and Tofle for expanding their existing operations near Chennai and manufacturing additional products.

These agreements are expected to facilitate investment of Rs 550 crore and pave way for manufacturing polycarbonate sheets, roofs and extrusion lines for electronic components for use in the construction industry, high-end steel parts to be used in aerospace and defense industries and stainless steel specialised flexible hoses.

As per reports, Guidance Tamil Nadu also entered into an MoU with Kyokuto Satrac for setting up a factory for manufacturing spare parts of trucks in Sipcot, Mambakkam in Kancheepuram district on 13 acres of land.

Speaking at the investment conclave, Stalin appealed to the Japanese business houses to diversify their investments in Tamil Nadu.

"Japanese companies for a long time have been investing in the manufacturing sector. I invite you to invest in infrastructure development, so that infrastructure will aid in the growth of the manufacturing sector," he said.

He said the Tamil Nadu government is developing industrial parks and invited the Japanese companies to invest in the parks. The Tamil Nadu CM also invited the Japanese companies to participate in the Global Investors Meet to be held in Chennai in January next.  (KNN Bureau)