Caterpillar to invest Rs 500 crore for expansion of its plant in Tamil Nadu

Tamil Nadu’s government has inked an MoU with Caterpillar for a 500 crore investment to expand its construction equipment manufacturing in Tiruvallur and Krishnagiri districts. The agreement was signed by CM M K Stalin in Chicago. Caterpillar’s Tiruvallur plant, established in 1971, manufactures equipment for the construction and mining sectors.