Saturday, April 26, 2025

Taiwanese Industrial Park Anchors Tamil Nadu’s Push for East Asia-Focused Manufacturing Growth



CHENNAIL

 Tamil Nadu has unveiled a dedicated Taiwanese Industrial Park near Chennai as the southern Indian state seeks to cement its role as a manufacturing hub for electronics, textiles, and consumer goods.


The park, built to international standards, is expected to attract ₹10,000 crore in investment and generate around 20,000 jobs. Designed to serve as a base for companies in electronic components, technical textiles, and footwear parts, the park is a cornerstone of Tamil Nadu’s strategy to integrate into East Asian supply chains.


“Taiwanese investment already forms a critical part of the state’s FDI profile,” said Industries Minister Dr T.R.B. Rajaa. “This park is designed to support their vendors and bolster long-term manufacturing commitments in the region.”


The move comes alongside a major expansion by South Korea’s Samsung Electronics, which announced a ₹1,000 crore investment in its existing manufacturing facility in Sriperumbudur. The investment is expected to create at least 100 additional jobs and reinforces the company’s confidence in the local ecosystem, despite recent worker unrest at the plant.


Dr Rajaa acknowledged the earlier tensions, suggesting that rival states attempted to exploit the protests to attract the investment elsewhere. “However, it was only due to the proper handling of this issue by the Chief Minister that the workers returned to their jobs,” he said.


The state’s efforts to internationalize its investment outreach are also picking up pace. Tamil Nadu will open Guidance Desks in the United States, Germany, South Korea, and Vietnam to facilitate investor engagement, site selection, and regulatory navigation.


At the domestic level, the government announced a slew of new industrial developments aimed at decentralizing growth beyond the established corridors. New SIPCOT industrial parks are planned in Kallakurichi, Tenkasi, Sivagangai, Vellore, and Tirupattur, with a combined investment potential of over ₹2,400 crore and more than 22,000 new jobs.


Tirupattur will also host a non-leather footwear manufacturing park with a projected investment of ₹250 crore, aimed at boosting women's employment. In Nagapattinam, a mini TIDEL Park is expected to create 600 jobs in the IT sector, bringing technology-led development to the under-industrialized coastal district.


To support textile manufacturing, five “Plug & Play” parks, including ones in Tiruvarur and Thoothukudi, will be established in collaboration with industry bodies. Infrastructure investments include a ₹380 crore treated water supply project for Thiruvallur’s industrial clusters and ₹120 crore for housing 2,000 industrial workers in Kancheepuram’s high-density zones.


In a bid to enhance investor experience, the state’s investment promotion agency, Guidance, will launch an AI-enabled multilingual web portal with data analytics and virtual walk-throughs of industrial parks.


Meanwhile, policy support for micro, small and medium enterprises (MSMEs) continues, with the Tamil Nadu Industrial Investment Corporation waiving inspection fees for term loans this fiscal year—expected to benefit about 1,300 enterprises. Sector-specific initiatives include a proposed seafood export park in Thanjavur, with a ₹200 crore investment and 2,000 jobs.


To further professionalize its industrial zones, SIPCOT will establish a new architecture and landscaping unit and construct modern administrative buildings in Dharmapuri and Thiruvallur.

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