TN drives distributed growth vision with multiple new projects

05 Nov 2024 CW Team

Tamil Nadu is advancing on its plan to achieve comprehensive growth, launching numerous projects across business sectors with a focus on tier-2 and tier-3 cities. Soon after taking office in May 2021, Chief Minister M.K. Stalin emphasised his government’s commitment to developing both metro and smaller cities to drive industrial growth across the state.

The industries department highlighted its focus on creating high-quality, well-paying jobs across Tamil Nadu by establishing various manufacturing facilities, including automobile plants, mini TIDEL Parks, and State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial parks.

Key projects include a Rs 90 billion manufacturing facility by Tata Motors in Ranipet, the development of Neo TIDEL Parks, and an electric vehicle manufacturing plant by Vietnamese EV maker VinFast in Tuticorin, among others.

TRB Rajaa, Minister for Industries, remarked that one of the main pillars of industrial growth under Chief Minister Stalin’s leadership is the idea of distributed development, which is now becoming a reality. He further noted that in the past three years, the government has strategically encouraged large investments beyond Chennai, fostering growth in regions like Thoothukudi, Tirunelveli, Madurai, the Delta, the north-western and northern districts, including Ranipet, as well as revitalizing areas like Coimbatore and Trichy.

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