24,300-Crore Investment Wave to Transform Hosur, Create 49,000 Jobs

CHENNAI:

Stalin Showcases Hosur as Next Growth Pole with ₹24,307 cr MoUs

EXPRESS NEWS SERVICE @ CHENNAI:

Hosur is set for a major industrial leap with fresh investments worth ₹24,307 crore that will generate 49,353 jobs, positioning it as Tamil Nadu’s next big growth engine.

Speaking at the second edition of the TN Rising Summit on Thursday, Chief Minister M.K. Stalin called the announcements proof that Tamil Nadu has become India’s most trusted investment destination. “Hosur is where tradition meets innovation. It has become a city that attracts global attention. We want Hosur to be a critical part of Tamil Nadu’s growth story,” he said, adding that 77% of MoUs signed since his government took office have already been converted into on-ground projects.

A total of 92 MoUs were signed — 53 under the Industries Department worth ₹23,303 crore and 39 under the MSME Department worth over ₹1,000 crore — spanning sectors from green energy and aerospace to footwear, auto components and healthcare. The deals cement Hosur’s position as a key beneficiary of Bengaluru’s manufacturing spillover and strengthen its claim as the state’s next major growth pole.

Among the marquee projects, Zetwerk will invest ₹5,000 crore in a solar cell manufacturing facility, creating 3,000 jobs. Aspire Footwear, part of the Arvind Group, is setting up a ₹350-crore non-leather footwear plant in Katpadi with 6,000 jobs. DCX Systems, with Israel’s IAI-ELTA Systems, will invest ₹850 crore in Krishnagiri to make advanced radar and electronic warfare systems for the armed forces, while International Aerospace Manufacturing Pvt Ltd is expanding its Hosur SEZ facility with a ₹200-crore outlay for precision aerospace equipment.

Stalin also inaugurated three completed projects worth ₹250 crore, including a Kaynes Circuits electronics plant in Pochampalli and a Gokaldas Exports footwear unit in Ambur, which together create 1,100 jobs. Four new projects with a combined investment of ₹1,210 crore were launched, including a 500-bed Kauvery Hospital in Hosur and RICO’s EV component facility in Shoolagiri, adding 7,900 jobs. He also opened SIPCOT’s 300-acre Future Mobility Park, which has allotted land to 22 companies and is expected to attract ₹2,728 crore in investments and 6,682 jobs, further strengthening Hosur’s reputation as India’s e-scooter and EV hub.

Tamil Nadu is also building worker housing in partnership with Tata Electronics and TIDCO for 6,000 employees, developing a knowledge corridor to attract GCCs, IT firms and research centres, and pushing ahead with plans for an international airport at Hosur. Industries Minister T.R.B. Rajaa said the diversity of investments reflected the state’s strong fundamentals. “Hosur is fast becoming one of India’s most sought-after industrial destinations, and today’s MoUs will accelerate that trajectory,” he said.