The southern districts of Tamil Nadu have always lagged behind in industrial development with the lack of major investments flowing into the region. Industries also felt that the southern part of the second-most industrialised State in the country didn’t share the same competitive advantage that Chennai and its neighbouring districts enjoyed for decades.
But, things seem to be changing now with emerging sectors expressing their interest in setting up shop in the southern districts, especially Thoothukudi, and Tirunelveli, which have emerged as hotspots for renewable energy projects.
“The Chief Minister has asked us to focus on south of Tamil Nadu. Before the Global Investors Meet (GIM) 2024, you will see a lot of investments going to south,” said Minister for Industries, Industrial Promotion and Commerce, T.R.B. Rajaa, after a tour to three Centres of Excellence set up by Tamil Nadu Industrial Development Corporation Ltd. (TIDCO) in collaboration with global OEMs such as Dassault Systemes, Siemens and GE Aerospace, on Thursday.
