writingonblog uncensored: SDAT terminates Rs 205.89 crore contract of Global...

writingonblog uncensored: SDAT terminates Rs 205.89 crore contract of Global...: CHENNAI: Tamil Nadu's flagship Global Sports City project at Semmencheri, along Chennai’s Old Mahabalipuram Road (OMR) corridor  has b...

SDAT terminates Rs 205.89 crore contract of Global Sports City

CHENNAI:
Tamil Nadu's flagship Global Sports City project at Semmencheri, along Chennai’s Old Mahabalipuram Road (OMR) corridor  has been hit, with the state's Sports Development Authority (SDAT) terminating the Rs 205.89 crore work order awarded for its construction. The foundation stone was laid by then Chief Minister M K Stalin on February 18.

This was disclosed by RPP Infra Projects Limited, which bagged the contract on February 20, 2026, to the National Stock Exchange in its filing on Thursday.

It is learnt that SDAT said the project would be redesigned on a larger footprint, citing the need to make full use of available land to build a "bigger, comprehensive and all-encompassing" sports city capable of hosting major national and international events, including competitions on the scale of the Asian Games.

The company said it received formal communication from SDAT on August 12, 2026 confirming the work order had been cancelled.
The original contract was disclosed to exchanges on February 20, 2026. The company said it had already begun work under the order and incurred significant costs before the cancellation.

According to the filing, the decision followed a broader review of ongoing state projects and work orders undertaken by the new administration. The company said it had engaged with SDAT in an effort to keep the original project alive, but the termination went ahead regardless.

The filing gave no indication of a revised timeline or budget for the redesigned Global Sports City, nor whether the company would seek compensation for expenditure already incurred.

The company said it is now evaluating the financial and other implications of the termination, along with its rights and remedies under the terms of the work order. It cited these circumstances — including its efforts to continue the project and the expenditure already incurred — in explaining what it called an inadvertent delay in disclosing the termination to the exchanges, for which it expressed regret.

The Global Sports City is planned over more than 80 acres in the first phase. The project was to include an international-standard football stadium, shooting ranges (10m, 25m and 50m), archery facilities, rowing and kayaking infrastructure, BMX cycling and skating arenas, multi-discipline indoor stadiums and residential hostels for athletes.

Semmmancheri was among the three sites finalised for setting up the Global Sports City. The other two considered were Kuthambakkam and Vandalur.  The site was prone to flooding and then Chief secretary Shiv Das Meena  has asked Chennai Metropolitan Development Authority to prepare a stormwater drainage plan to avoid flooding.

writingonblog uncensored: TN Industrial Policy targets to move state's manuf...

writingonblog uncensored: TN Industrial Policy targets to move state's manuf...: C Shivakumar @ CHENNAI:   The state is targeting a $1.5 trillion economy by 2036, built around one, three, five and ten-year milestones ra...

TN Industrial Policy targets to move state's manufacturing base up the value chain

C Shivakumar @ CHENNAI:

 
The state is targeting a $1.5 trillion economy by 2036, built around one, three, five and ten-year milestones rather than a straight-line growth projection, according to Industries, Investment Promotion & Commerce Department officials familiar with the drafting process. Growth rates are expected to vary across the phases before converging on that goal. Officials added that the document is getting shaped less by fixed targets than by a "direction of travel," with stakeholder consultations across industry still under way.

 

Asked how the approach differs from the previous government's 2021 industrial policy, officials declined to draw a direct comparison, saying only that the new policy is designed to be "built with people at its centre," with a goal of a sustainable increase in the state's per capita income. Industries Minister S Keerthana said, "Every policy we make is ultimately about improving the lives of the people of Tamil Nadu. Economic growth is a means to that end — creating better jobs, higher incomes, and greater opportunities and prosperity for every family,” the minister told TNIE.

 

Officials point to policy stability regardless of which party holds power, established infrastructure, a skilled workforce, immediate land availability and incentives. The new policy is designed to match or exceed states such as Gujarat, Maharashtra, Karnataka, Telangana and Uttar Pradesh, all of which are competing for the same large manufacturing investments.

 

The secondary sector contributed 33.8 per cent of Tamil Nadu's gross state value added, of which manufacturing with 18.62% already accounts for a significant share of the state's output — figures officials cite as evidence the state ranks first or second nationally across most manufacturing sectors. Specific targets for manufacturing's share of GSDP and exports remain under deliberation, though officials say the direction is toward growing both manufacturing-led exports and the services sector in parallel.

 

Sustainability and circular-economy practices will be "core" to the policy, officials said, though they did not specify carbon-reduction targets or timelines. Tamil Nadu's pitch rests on continuity and readiness. On process, the government has committed to a 21-day deadline for single-window clearances and is developing an investor grievance portal to give companies a formal channel to raise concerns — part of a broader push, officials say, to address complaints raised in consultations over land availability, logistics, power reliability and regulatory approvals.

 

Officials also flagged plans for "model" industrial parks with plug-and-play capability, to be piloted in select locations, alongside industrial townships intended to offer the fuller range of facilities foreign investors expect. The policy will also lean toward decentralised, district-level industrial hubs built around regional strengths, in an explicit effort to bring jobs closer to people rather than driving migration toward Chennai.

 

Tamil Nadu has the highest number of registered small and medium enterprises (MSMEs) of any Indian state. Officials said the policy would support their integration into global value chains, without detailing specific mechanisms. On the balance between domestic and foreign capital, officials framed the test as employment and benefit to the state's residents rather than the origin of investment.

 

P Ravichandran, Chairman, CII Southern Region and President of Danfoss India said the state’s GSDP will need to expand by 3.5 to 3.8 times from current levels to achieve the $1.5 trillion economy target, implying a sustained compound annual growth rate (CAGR) of 12-13 per cent over the next decade.

Factfile
1. Tamil Nadu's outgoing Industrial Policy 2021 was built around five-year investment and jobs targets. The draft policy now taking shape is being framed for five  years but it will be made keeping in mind the long term (10 years)horizon.

2. The 2021 policy targeted ₹10 lakh crore ($135bn) in investment between 2021 and 2025 and 20 lakh jobs by the same deadline. The new draft policy is being anchored to a $1.5tn state economy within ten years — implying a 12-13 per cent compound annual growth rate, well above the 10-11 per cent Tamil Nadu has sustained over the past eight years.

3. The 2021 policy leaned on automobiles, electronics, renewables and — added later — semiconductors as sunrise sectors. Consultations for the new policy have foregrounded life sciences, rare earths, defence, semiconductors and chemicals.

4. The 2021 policy followed the standard pattern of government drafting with industry input. The new draft policy has been shaped through structured stakeholder surveys with sector associations.

5. The 2021 centred on fiscal incentives — stamp duty concessions, electricity tax breaks, SGST refunds — early signals suggest the new draft policy will fill focus on the digital single-window portal and cutting clearances timelines along with incentives.

6. The new draft policy is also expected to push for more balanced growth across the state, rather than concentration in established industrial belts. This points to a regional blueprint identifying each area's comparative strengths and outlining how they can be built up to compete globally.

7. Research and development is set to receive greater emphasis, with plans to replicate the IIT Madras Research Park model in other parts of the state under the new draft policy. The 2021 policy referenced the IIT-M Research Park as a flagship innovation hub largely concentrated around Chennai; the new draft policy signals an intent to decentralise that model, building similar R&D and innovation clusters closer to emerging industrial regions.

8. The 2021 policy's township provisions were framed largely around industrial infrastructure. The new draft policy is expected to extend that focus towards quality of life, with plans for two to three model industrial townships designed around improved living standards for the workforce, rather than industrial facilities alone.

writingonblog uncensored: T oy Manufacturer Veva Toys to Create 5,000 Jobs i...

writingonblog uncensored: T oy Manufacturer Veva Toys to Create 5,000 Jobs i...: Chennai:  Veva Toys Global will invest ₹1,000 crore to set up an electronics toy manufacturing facility in Tiruvallur, creating 5,000 jobs, ...

T oy Manufacturer Veva Toys to Create 5,000 Jobs in Tiruvallur with 90% Women Workforce

Chennai:

 Veva Toys Global will invest ₹1,000 crore to set up an electronics toy manufacturing facility in Tiruvallur, creating 5,000 jobs, with the company's workforce expected to be 90 per cent women.

The investment reflects the government's stated focus on inclusive industrial growth, with women-led shop floors increasingly forming part of Tamil Nadu's manufacturing expansion story.

writingonblog uncensored: Tamil Nadu strengthens semiconductor ecosystem wit...

writingonblog uncensored: Tamil Nadu strengthens semiconductor ecosystem wit...: Chennai: Tamil Nadu is deepening its semiconductor and advanced electronics ecosystem with a new pipeline of investments spanning semiconduc...