The announcement of Jindal Advanced Materials (JAM), an arm of the Jindal Group of Companies, to set up a manufacturing plant in Tiruchi, is seen as a positive development to change the industrial profile of Tiruchi.
JAM signed a Memorandum of Understanding (MoU) with the State government at the recent Global Investors’ Meet to set up a new manufacturing plant, its first such facility in South India, with an investment of about ₹1,000 crore.
A statement, which was released after the MoU, said the facility would be spread over an area of 250 acres of land and generate 3,000 jobs. It will produce “innovative composite materials” at the plant. It is expected to be operational in seven years in phases. Tiruchi’s proximity to Karaikal port and it being well connected by road and air, availability of qualified engineers and skilled and unskilled labour force are said to have influenced JAM to set up its manufacturing plant in Tiruchi.
