Taiwanese Industrial Park Near Chennai to Drive ₹10,000 Crore Investment and 20,000 Jobs
Tamil Nadu is poised for a major boost in foreign investment as the State gears up to establish a dedicated Taiwanese Industrial Park near Chennai. This project, expected to draw investments worth ₹10,000 crore and generate nearly 20,000 jobs, reflects the growing economic ties between Tamil Nadu and Taiwan.
Industries Minister T.R.B. Rajaa made the announcement in the State Assembly on Friday while presenting a series of new industrial initiatives. He highlighted that a significant portion of Tamil Nadu’s FDI currently comes from Taiwan, underlining the strategic importance of the new park.
Providing an update on the progress of the Tamil Nadu Global Investors Meet 2024, the Minister noted that the State has achieved a 72% conversion rate on Memorandums of Understanding (MoUs). Out of the 897 MoUs signed since 2021, 722 have already advanced to implementation, with many projects entering commercial production.
In addition to the Taiwanese Industrial Park, the Minister unveiled several other development projects across the State:
Non-Leather Footwear Park in Tirupattur: Spread over 125 acres, this new park will aim to attract investments of ₹250 crore and create around 2,300 jobs.
Marine Food Processing and Export Park in Thanjavur: At a cost of ₹125 crore, this facility is expected to draw ₹200 crore in investments and provide employment for 2,000 individuals. The government also plans to introduce a comprehensive Marine Food Processing Industrial Policy soon.
Expansion of SIPCOT Textile Infrastructure: Five new plug-and-play textile parks will be developed in Tiruvarur, Nagapattinam, Sivagangai, Ramanathapuram, and Thoothukudi. A separate 100-acre SIPCOT park is also planned for Sivagangai with a projected ₹200 crore investment and 2,000 new jobs.
Mega SIPCOT Development in Kallakurichi: A massive 450-acre SIPCOT park in this region is expected to draw ₹630 crore in investments and create nearly 9,000 employment opportunities.
SIPCOT currently manages a land bank of nearly 48,926 acres across the State, paving the way for sustained industrial expansion.
To bolster Tamil Nadu’s global investment appeal, the State is enhancing its investor facilitation framework. Guidance Tamil Nadu, the State’s investment promotion agency, will soon launch new international desks in the United States, Germany, South Korea, and Vietnam. Additionally, AI-powered virtual walkthroughs of industrial parks and ready-built complexes will be introduced to help global investors make informed decisions from their respective countries.
Further enriching the State’s industrial ecosystem, a unique product museum showcasing Tamil Nadu’s manufacturing strengths and industrial history will be established in Chennai. The museum will feature products made across diverse sectors in the State, offering both investors and the public a comprehensive view of Tamil Nadu’s industrial legacy.
These strategic initiatives reaffirm Tamil Nadu’s commitment to becoming a global manufacturing hub and a preferred destination for international investors.















