The Tamil Nadu government signed investment agreements worth ₹32,554 crore, paving the way for nearly 50,000 new jobs across the southern districts of the state. The announcements marked a significant step in the state’s ongoing drive to decentralize industrial growth and create employment opportunities across regions.
Chief Minister M. K. Stalin also inaugurated projects valued at ₹2,530 crore, including the much-anticipated VinFast electric vehicle manufacturing unit in Thoothukudi.
‘Progress in all sectors is our priority—be it electric vehicle manufacturing, semiconductor fabrication, or solar cell production. We are building an inclusive and diversified industrial ecosystem,’ CM said.
A key highlight was the announcement of a 250-acre space park to be developed in Thoothukudi, along with a new PSU focused on shipbuilding, reinforcing the district’s growing industrial significance.
Major MoUs Signed:
RGE Group (Singapore): ₹4,953 crore investment to establish a man-made fibre manufacturing unit, expected to generate 1,065 jobs.
JSW: ₹5,225 crore renewable energy project, likely to create 3,630 jobs.
Shakthi Group: ₹5,000 crore investment in an ammunition and propellant manufacturing unit, generating 2,000 jobs.
Chennai Radha Engineering Works (CREW): ₹1,500 crore for a shipbuilding component manufacturing facility, with over 1,400 job opportunities.
Industry sources suggest that CREW—already a prominent supplier to Indian Railways—may soon partner with a major international firm and an Indian port to further its shipbuilding capabilities. Reports also indicate that discussions are underway involving HD Hyundai, the world’s largest shipbuilder, and Cochin Shipyard to explore setting up a shipbuilding unit in South India.
Industries Minister T. R. B. Rajaa reiterated the government’s commitment to balanced regional development. ‘From the Western region to the Delta and Southern Tamil Nadu, industrialisation is happening at an unprecedented scale. Infrastructure and facilities are world-class, and our educated youth, especially women, are finding new opportunities,’ he said.
