Tamil Nadu CM inaugurated SIPCOT industrial park

Tamil Nadu Chief Minister M K Stalin has inaugurated an industrial park at Eraiyur in Tamil Nadu’s Perambalur district. He also laid the foundation stone for the Phoenix Kothari Footwear Park. The inauguration of the 243.39-acre park of the State Industries Promotion Corporation of Tamil Nadu (Sipcot) followed an announcement in the 2022-23 budget session that new parks would be set up in Coimbatore, Perambalur, Madurai, Vellore and Tiruvallur districts.

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This is apart from the two Rs 1,700-crore deals that the government signed with the company in August. These deals are expected to ensure jobs for 25,000 people. The government has so far signed 12 deals, which it expects to attract an investment of Rs 2,440 crore and ensure employment for 29,500 people. The government expects non-leather footwear and their related companies in Perambalur district to attract an investment of Rs 5,000 crore and generate jobs for 50,000 people. The companies will provide preference to women in employment and it will also pave the way for the economic development of the district.

Important takeaways for all competitive exams: 

• Tamil Nadu Capital: Chennai;
• Tamil Nadu Chief Minister: M K Stalin;
• Tamil Nadu Governor: R N Ravi.

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