Top Projects - Tamil Nadu

With a geographical area of 130,058 sq km and a total population of 72.13 million, Tamil Nadu is among the most industrialised states in the country. The southern state is on a development ascendant with an average Gross State Domestic Product (GSDP) growth rate of 16.4 per cent and a per capita GSDP in the vicinity of US$ 1,785.1. Tamil Nadu has shown a positive track record in the past and continues to progress in diverse segments such as infrastructure, power and real estate. The state has attracted cumulative FDI inflows of US$ 8.7 billion between April 2000 and June 2012 and is amongst the highest FDI attracting states. Coimbatore, Madurai, Thiruchirappalli, Salem, Tirunelveli and Erode are some of the key cities in the state. Power Recently, the state government has proposed numerous power generation and related infrastructure development projects worth around Rs 20,000 crore. The total installed power capacity in the state is 18,382.1 MW. Out of the total power generation installed capacity, 8,217.33 MW was contributed by thermal power, 7,503.60 MW by renewable power and 524.00 MW by hydropower and nuclear power. The state also has plans to undertake various power projects in the next few years. Welspun Energy, one of the leading independent renewable energy based power generation companies in the country is expected to develop a 60 MW solar power plant in the state. The company will raise around Rs 4 billion to fund the project. Infrastructure Roadways: With 28 national highways running through it, the state is a vital component for the Golden Quadrilateral road link of the National Highways Authority of India (NHAI). Railways: The state has a 4,062 km rail network with 536 railway stations. As part of their new venture, the government will soon launch the Chennai metro rail project which is expected to be complete by the end of the financial year 2014-2015. Airport: The state has two international airports at Chennai and Trichy; it also has four domestic airports at Chennai, Coimbatore, Tuticorin, Salem and Madurai. The government has proposed to implement a Greenfield airport project at Sriperumbudur which will be built over 5,000 acre and cost around Rs 20,000 crore. Ports: Apart from three major ports Chennai, Ennore and VO Chidambaranar and 15 minor ports, the biggest ship building yard was inaugurated at Kattupalli Port this year. Located in Tiruvallur district, the cost of the project was around Rs 3,375 crore and is spread over 810 acre. Ennore port has plans to introduce three new terminals which will have a berth length of 700 metre and be designed to load 1.4 million standard containers a year. Real Estate According to an Associated Chambers of Commerce and Industry of India (ASSOCHAM) report, Tamil Nadu has been ranked third with a share of about eight per cent in the total value of new investments attracted by the real estate sector across India during the last fiscal. T Chitty Babu, Chairman & CEO, Akshaya says, "The Tamil Nadu real estate market is showing upswing for the past couple of years. Regardless of the burden of input costs, lack of single window clearance and delayed approval processes, the residential as well as the commercial market has been positive with major boom in industrial, IT, education, hospitality, retail and medical segments." Meanwhile, GMR Infra has acquired 280 acre in the Krishnagiri district of the state with plans to create a multi product Special Economic Zone (SEZ) in the region. Expenditure on the first phase of the project is estimated to be around Rs 1,050 crore. On the growth trek: Geographical area: 130,058 sq km Highest FDI attracting state of US$ 8.7 billion between April 2000 and June 2012 Total installed power capacity in the state is 18,382.1 MW Population: 72.13 million Average GSDP growth rate of 16.4 per cent Upcoming Projects in Tamil Nadu