An Overview of Tamil Nadu State’s Manufacturing Hub in India
Tamil Nadu has solidified its position as a pivotal manufacturing hub in India, attracting substantial investments across various sectors. In January 2024, the Tamil Nadu Global Investors Meet (TNGIM) 2024 garnered a record ₹6.64 lakh crore in investments, surpassing the ₹3 lakh crore secured in the 2019 meet. Notable commitments include Tata Power’s ₹70,800 crore investment, Adani Group’s ₹42,768 crore, and Singapore’s Sembcorp’s ₹36,238 crore, underscoring the state’s appeal to both domestic and international investors.
The automotive sector has witnessed significant developments, with Tata Motors inaugurating a ₹9,000 crore greenfield manufacturing facility in Panapakkam, Ranipet district, in September 2024. This plant is designed to produce vehicles for both domestic and international markets, including models for Tata Motors and Jaguar Land Rover.
In the electronics domain, Tata Electronics has entered into a joint venture with Pegatron to enhance iPhone manufacturing capabilities in Tamil Nadu. This collaboration aims to bolster India’s position in the global supply chain, with the Pegatron plant producing approximately 5 million iPhones annually and employing around 10,000 workers.
The renewable energy sector is also experiencing growth, with Tata Power investing ₹4,300 crore in a new solar module and cell manufacturing facility in Tamil Nadu. This plant is primarily focused on serving the domestic market, aligning with India’s strategic objectives to enhance local manufacturing capacities.
These developments reflect Tamil Nadu’s strategic initiatives to diversify its manufacturing base, attract significant investments, and reinforce its status as a leading industrial hub in India.
