Tamil Nadu Chief Minister C Joseph Vijay on Monday announced the establishment of a semiconductor and electronics manufacturing park at Maduranthagam in Kancheepuram district, a multi-modal logistics hub in the Tiruchy region and a digital finance centre in Coimbatore.
Making the announcements in the Assembly under Rule 110, Vijay said the semiconductor and electronics park would be developed to attract investments and increase Tamil Nadu’s share in the semiconductor and electronics manufacturing sector.
The park will be implemented by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) at an estimated cost of ₹175 crore. It is expected to attract around ₹2,000 crore in investments and generate nearly 5,000 direct and indirect employment opportunities.
A world-class research and development facility will also be established within the park to support the development of new industries in the semiconductor sector, the Chief Minister said.
The government will additionally establish a digital finance centre in Coimbatore to promote digital financial services and fintech innovation. The Tamil Nadu Industrial Development Corporation (TIDCO) will develop the centre through a public-private partnership at an estimated cost of ₹400 crore.
The proposed fintech hub will include office spaces for start-ups, modern laboratories, training and skill-development facilities, and other supporting infrastructure. The project is expected to attract global investments in the finance and fintech sectors while promoting the adoption of emerging technologies and creating high-quality jobs.
On logistics infrastructure, Vijay said the 2026-27 State Budget had proposed the development of multi-modal logistics parks and dry ports at strategic locations across Tamil Nadu to attract investments and strengthen the state’s logistics network.
Highlighting Tiruchy and neighbouring districts as important manufacturing centres with a strong presence of major industries and micro, small and medium enterprises (MSMEs), the Chief Minister said TIDCO had conducted a study and prepared a project report for the region.
“Based on its findings, a multi-modal logistics hub will be established in the Tiruchy region,” Vijay said.
The proposed hub is expected to strengthen cargo handling and evacuation capabilities in the region while improving connectivity between manufacturing clusters, logistics infrastructure and wider markets.