TN drives distributed growth vision with multiple new projects
ECONOMY & POLICY

TN drives distributed growth vision with multiple new projects

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.

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.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?