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70% More Funds for Industries Department
The New Indian Express Vellore
|March 15, 2025
In its bid to make Tamil Nadu a global hub for high-tech industries, ₹3,915 crore has been allocated to the department of industries, investment promotion, and commerce.
This is nearly 70% more than the ₹2,295 crore announced for the department in the 2024-25 budget.
The state has announced key initiatives, including a semiconductor fabless lab in Chennai, a new airport at Rameswaram, and a knowledge corridor in Hosur.
To cement its status in semiconductor manufacturing, the government will develop semiconductor manufacturing parks in Sulur, Coimbatore, and near Palladam—each spread over 100 acres. These hubs will be developed in partnership with companies from the US, Singapore, Malaysia, and Taiwan, positioning Coimbatore as a key economic driver.
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