Transformation of industrial estates

Improved productivity and livability in SIDCO Industrial Estate, Thirumudivakkam, Chennai

March 01, 2024
  • Suriyah Sivakumar

Tamil Nadu, a strong economic force, is the second-largest economy in India. The state has set an ambitious goal of achieving a USD1 trillion economy by 2030, with an annual growth rate of approximately 18%. This growth will be driven by a range of state policies aimed at attracting investments. To support this objective, it is crucial for the government to closely monitor the performance and infrastructure of existing industrial estates across the state. Improving these estates will not only benefit current economies but also incentivize future investments. Therefore, the government should select a few industrial estates as pilot projects and invest in their retrofitting through infrastructure development and other necessary improvements.

This will increase productivity and significantly contribute to the state’s economy. One such estate, Thirumudivakkam SIDCO Industrial Estate, is a notable contributor to Tamil Nadu’s economy and could be used as a model by implementing the recommendations provided in a specific report, transforming it into a worldclass facility. By combining these actions with the government’s dynamic policy initiatives, Tamil Nadu will undoubtedly become a highly preferred destination for investors, ultimately achieving its USD1 trillion economy goal by 2030.

Download the report for a more in-depth understanding of the factors shaping the business case of investment opportunities in the sector.

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