On Wednesday, August 21, Tamil Nadu Chief Minister MK Stalin laid the foundation for 28 new industrial projects, totaling an investment of 51,157 INR-Crore. Additionally, he inaugurated 19 projects with an investment of 17,616 INR-Crore. These ventures span various sectors, such as textiles, food processing, and pharmaceuticals.
Foundation stone laid for the following projects:
The most notable project is a green hydrogen and green ammonia manufacturing unit in Tuticorin district. Singapore-based energy producer Sembcorp Industries will develop this unit with an estimated investment of 36,238 INR-Crore. The plant aims to export zero-emission fuel to Japan and is projected to produce around 200,000 Tonnes of green ammonia annually. Consequently, Tamil Nadu will become the first state in India to launch commercial hydrogen molecule production.
Furthermore, Hyundai Motor is set to invest around 180 INR-Crore to establish a dedicated Hydrogen Innovation Center at the Thaiyur campus of the Indian Institute of Technology, Madras. This center will focus on research in hydrogen technology.
In collaboration with TIDCO and Tata Technologies, the government will also set up the Tamil Nadu Engine and Innovations Centre in Coimbatore. The substantial investment of this center is 400 INR-Crore.
The foundation stone was also laid for a new site at Oragadam, which involves an estimated investment of 2,500 INR-Crore, with the potential for an extra 2,500 INR-Crore.
Also Read: Economic Survey FY 2023-24: Infrastructure Sector Milestones & Future Outlook
The inaugurated projects are :
- Motherson Electronic Components’ 2,600 INR-Crore unit in Kancheepuram.
- L&T Innovation Campus’ 3,500 INR-Crore facility in Chennai.
- TVS Indeon’s 2,850 INR-Crore unit in Tiruvallur district.
- Jurojin Developers’ (House of Hiranandani) 2,000 INR-Crore industrial park in Kancheepuram and
- Sundaram Fasteners’ 1,411 INR-Crore investment in Chengalpattu.
These ambitious industrial projects in Tamil Nadu underscore the state’s commitment to becoming a hub for innovative and sustainable development, positioning itself as a leader in industrial growth.
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