Five decades ago, in 1973, a sparsely-populated hilly terrain of Hosur was chosen to site one of Tamil Nadu’s first two industrial estates to be promoted by the State Industries Promotion Corporation of Tamilnadu (SIPCOT), with the other in Ranipet. Since then, Hosur has evolved into an urbane cosmopolitan town showcased as an investment destination alongside Chennai and Coimbatore. In recent times, it is attracting big-ticket projects, giving competition to the other industrial hubs.
The cluster saw two high-profile investments last year, with Tata Electronics setting up a ₹5,000-crore mobile components plant at Udhanapalli, and Ola, a ₹2,500-crore electric vehicle (EV) plant at nearby Pochampally. These investments are seen as the beginning of a new boom in Hosur. For industry heads here, these investments are the consummation of Hosur’s evolution into a “mature industrial landscape” with a well-oiled supply chain of micro, small and medium enterprises; an “amicable” labour culture, and a pleasant climate supportive of work efficiency.
That is in addition to the network of highways facilitating logistics of movement, proximity to Bengaluru and availability of land.
