The Tamil Nadu government has unveiled an ambitious industrial roadmap to transform the State into a $1.5-trillion economy by 2036, with a focus on balanced regional development, advanced manufacturing and employment generation.
Presenting the 2026-27 Budget in the Assembly on Wednesday, Finance Minister N. Marie Wilson announced that SIPCOT would establish new industrial parks in industrially backward districts based on district-specific industrial plans and sectoral strengths. The parks, equipped with infrastructure suited to investors’ needs, will be developed at an estimated cost of ₹3,200 crore over the next five years.
The Minister said the government had signed seven MoUs worth ₹35,062 crore since assuming office, with the potential to generate 14,790 direct and indirect jobs.
To strengthen the State’s industrial ecosystem, the government plans to establish more Multi Modal Logistics Parks (MMLPs) and dry ports at strategic locations, promote petrochemical and ancillary industries, and explore the possibility of setting up new ports in Tamil Nadu.
A new Tamil Nadu Industrial Policy will be unveiled to foster innovation, technology-driven growth, emerging industries, sustainable manufacturing and exports. The government will also create the Tamil Nadu Industrial Capability Directory, a digital platform showcasing the State’s manufacturing and supply-chain capabilities to prospective investors.
