Tamil Nadu’s Southern Surge: ₹32,553 Crore Investment Wave to Transform Thoothukudi into Industrial Powerhouse – EQ
In Short : At the TN Rising investors meet in Thoothukudi, Tamil Nadu signed 41 MoUs worth ₹32,553 crore, expected to generate nearly 50,000 jobs. The agreements span sectors like EVs, solar, defence, and green hydrogen. CM Stalin also inaugurated ₹1,230 crore worth of projects. The event marks a strategic push to industrialize South Tamil Nadu and boost regional economic growth.
In Detail : Tamil Nadu witnessed a major industrial push as Chief Minister M.K. Stalin led the TN Rising investors meet in Thoothukudi, where 41 Memorandums of Understanding (MoUs) were signed. The agreements collectively amounted to ₹32,553.85 crore in committed investments from both domestic and global companies.
Of the 41 MoUs, 22 were signed with large industries, bringing in ₹32,288.70 crore and promising to create approximately 48,649 jobs. The remaining 19 were with MSMEs, accounting for ₹265.15 crore and generating around 1,196 job opportunities. This dual-track investment approach aims to boost both large-scale industries and small enterprises.
In addition to signing MoUs, the Chief Minister inaugurated four major industrial projects worth ₹1,230 crore. These projects are projected to directly employ about 3,100 individuals, further reinforcing the state government’s goal of inclusive development through infrastructure and job creation.
The event marked the first regional edition of the TN Rising investment conclave, a new initiative by the Tamil Nadu government aimed at encouraging balanced industrial development. By focusing on underdeveloped southern districts like Thoothukudi, the government aims to tap into existing ports, renewable energy potential, and upcoming logistics corridors.
Investment commitments spanned key sectors such as electronics manufacturing, electric vehicles, solar energy, defence production, green hydrogen, and even private space systems. These sectors align with the state’s long-term vision to become a \$1 trillion economy by 2030 while promoting sustainability and innovation.
Among the key announcements was a ₹5,225 crore renewable energy facility by JSW that promises to create 3,630 jobs. Another significant project is a ₹4,953 crore manmade fiber production plant by Royal Golden Eagle (RGE), which is expected to generate over 1,000 employment opportunities.
Additional projects included solar PV and semiconductor manufacturing units, green hydrogen production facilities, and advanced data centers. These developments will serve as anchors for building a high-tech industrial ecosystem in the southern region of the state.
The event also included the inauguration of VinFast’s electric vehicle manufacturing facility in Thoothukudi. This plant symbolizes the growing presence of global players in Tamil Nadu’s clean energy and mobility sectors, further solidifying Thoothukudi’s emergence as a logistics and renewable hub.
Officials emphasized that the investor meet reflects the government’s resolve to drive economic growth beyond Chennai and Coimbatore, ensuring equitable development across all regions. The strategic focus on job creation, infrastructure, and industrial decentralization was highlighted as a cornerstone of Tamil Nadu’s development roadmap.
