Latest Project Updates
New Cotton Yarn Mfg. Project in Tirunelveli, Tamil Nadu
Executive Summary: A beedi company plans to establish a cotton yarn manufacturing unit with 26160 spindles in Tirunelveli, Tamil Nadu. The project is in the planning stage after filing an industrial entrepreneurs' memorandum in January 2023.
Rs.596 Million Steel Rolling Mill Expansion Project in Erode, Tamil Nadu
Executive Summary: A steel melting plant and rolling mill expansion project is planned in Erode, Tamil Nadu. The project involves increasing the capacity of the existing plant from 17,460 TPA to 2,40,000 TPA and introducing a rolling mill with a capacity of 2,32,000 TPA. Construction starts in April 2024 and ends in March 2027. Estimated cost: Rs. 596.6 million. Environmental clearance is underway as of June 2023.
New Aerospace Industrial Park in Coimbatore, Tamil Nadu
Executive Summary: The Government of Tamil Nadu plans to develop an aerospace industrial park in Sulur, Coimbatore. The park, spread across 200 acres with runway access, will attract investments in maintenance, repair, and overhaul (MRO) services. TIDCO has initiated a tender for consultants to prepare a techno-economic feasibility report.
Rs.1111 Million New Resin, Plywood & Block Boards Mfg. Facility in Tindivanam, Tamil Nadu
Executive Summary: A new plywood manufacturing facility is being planned in Panchalam Village, Tindivanam, Tamil Nadu. The project involves setting up a facility with a capacity of 18.9 Million Sqm/A, estimated to cost Rs.1250 million. Pre-project activities commenced in December 2021, and major civil construction work has been completed. Commercial production is expected to begin in June 2023.
Rs.1130 Million New Truck Vehicle Parts Mfg. Project in Kancheepuram, Tamil Nadu
Executive Summary: A new truck vehicle parts manufacturing project is planned in Kancheepuram, Tamil Nadu. The project involves setting up a new plant for production, estimated at Rs. 1130 million. In May 2023, an MoU was signed with Kyokuto Satrac for the project.
Rs.1550 Million Two and Four Wheeler Spare Parts Mfg. Expansion Project in Tamil Nadu
Executive Summary: A spare parts manufacturer plans to expand its capacity for two and four-wheeler spare parts in Gummidipoondi, Tiruvallur, Tamil Nadu. The project, estimated at Rs. 1550 million, aims to meet the increasing demand. The company has signed an MoU with the state government as of May 2023.
New Commercial Air Conditioners Mfg. Project in Tiruvallur, Tamil Nadu
Executive Summary: A company is planning to set up a new commercial air conditioner manufacturing project in Gummidipoondi, Tamil Nadu, with an annual production capacity of 2 million sets. As of March 2023, the state pollution control authorities have given their consent for the project.
Rs.349 Million Molasses Based Distillery Unit Expansion Project in Cuddalore, Tamil Nadu
Executive Summary: A molasses-based distillery unit expansion project is planned in Panruti, Tamil Nadu. The project involves increasing the capacity from 90 to 200 KLPD, along with a 4 MW co-gen power plant and Zero Liquid Discharge (ZLD) unit. The estimated cost is Rs. 349.7 million, with construction scheduled from December 2023 to December 2024. Final environmental clearance has been obtained as of May 2023.
Rs.23493 Million New FinTech City Development Project in Kanchipuram, Tamil Nadu
Executive Summary: A new FinTech city development project is planned in Palavantangal, Alandur, Kanchipuram, Tamil Nadu. The project includes the development of a FinTech ecosystem, encompassing banking, financial services, outsourcing, regulatory institutions, and training centers. The estimated cost is Rs. 23,493 million, with construction scheduled from June 2023 to June 2024. Environmental clearance for the project is underway as of May 2023.
Steel Melting Plant Expansion Project in Salem, Tamil Nadu
Executive Summary: A steel melting plant expansion project is planned in Amani Kondalampatty, Salem, Tamil Nadu. The project aims to increase production capacity to 76,800 TPA of MS Billets, Steel Rods, and structural components. The estimated cost is Rs. 84.83 million. Construction activities will take place from April 2024 to April 2025. Environmental clearance for the project is currently underway as of May 2023.