Keerthana announces new industrial parks and accommodation for more than 2,500 SIPCOT workers
The accommodation for the workers of the industrial units at the SIPCOT Industrial Park at Gangaikondan will be built by Tamil Nadu Industrial Housing Private Limited with public and private participation, the Minister for Industries says in the Tamil Nadu Assembly
On August 25, 2026, Tamil Nadu Industries Minister S. Keerthana announced plans for new industrial parks and housing for over 2,500 workers at the SIPCOT Industrial Park in Gangaikondan, under Phase II development. The ₹130 crore project will be executed by a special purpose vehicle, TNIHPL, with public and private participation. Keerthana also announced several other SIPCOT parks across Tamil Nadu.
In Thoothukudi, a new industrial park of 2,570 acres is planned at a cost of ₹1,390 crore. This park will focus on clean and renewable energy-based industries, expected to attract ₹5,000 crore in investment. Additionally, a SIPCOT industrial park dedicated to e-vehicle manufacturing will be established at Sillanatham in Thoothukudi, with an estimated cost of ₹774 crore and an expected investment of ₹7,000 crore.
Other industrial parks announced include a mini-textile park in Avudaiyarkoil, Pudukkottai, on 2.47 acres at a cost of ₹25 crore, and a 'Sivakasi Pyrotechnics Common Facility Centre' in Sivakasi, catering to the leading fireworks manufacturing hub in India. The Tamil Nadu Industrial Investment Corporation's Bill Finance Scheme, initially offered to specific entities, will now be extended to all State public sector undertakings, government departments, boards, and local bodies.
This scheme aims to provide financial assistance to micro, small, and medium enterprises (MSMEs) supplying "bills" to these entities, with ₹600 crore in financing expected to benefit around 500 MSMEs this financial year.
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