Tamil Nadu to Add 45,000 Acres for Industrial Growth, Boosting ₹10 Lakh Crore Investments

Tamil Nadu has directed 45,000 acres toward its land bank for industrial use, about 14,000 of which have already been acquired. SIPCOT parks are being set up in districts such as Thanjavur, Perambalur, Dharmapuri, and Theni for the development of industrially backward areas in a well-balanced manner. The state has attracted, since 2021, more than ₹10 lakh crore in private investments which have facilitated the growth of various sectors such as information technology, aerospace, green hydrogen, and electric vehicles.

In highlighting the industrial strides made by the state, Tamil Nadu Chief Minister M.K. Stalin coaxed investments worth ₹7,500 crore, producing more than 11,500 jobs in this regard. On the southern side, Thoothukudi is acting as a green hydrogen hub, and Tirunelveli is more engaged in making solar cells. Coimbatore and Hosur are leaning toward IT, aerospace, and electric vehicles while northern Tamil Nadu remains the automobile manufacturing hub for the country.The state introduced a self-certification scheme to ease business operations by cutting down on delays in getting building plans approved. In the past three months, 36,134 beneficiaries made use of the scheme that holds no manual leverage whatsoever.

Great strides are also being made in rural connectivity and agriculture. Under the ‘Mudhalvarin Grama Salaigal Membattu Thittam,’ the government allocated ₹4,000 crore to upgrade 9,653 km of roads, with plans to extend the scheme to cover an additional 10,000 km. In agricultural initiatives, 157 Regulated Markets have linked to the e-NAM platform, which assists approximately 16.13 lakh farmers, and a total farming transaction throughput of ₹5,779 crore for all transactions has been garnered since 2021.

The long-held dream of the state will soon materialize with the Centre approving Tamil Nadu’s long request for a 50:50 equity share in Chennai Metro Rail Phase-II, paving the way for its completion in a timely manner. Meanwhile, the government’s ₹500 crore scheme to modernize the spinning sector reinforces the state’s industrial leadership.

These include delays in receiving the Union Government funds for education for as many as 44 lakh students and 2.2 lakh teachers. However, the state’s comprehensive development strategy, from infrastructure to technology, shows that it is committed to balanced and inclusive growth.