In November 2021, the Tamil Nadu government designated specialty chemicals and petrochemicals as ‘sunrise’ sectors, aiming to bolster the state’s industrial growth. This strategic move enables the provision of additional financial incentives to attract investments into these industries.
To support this initiative, the government has facilitated the establishment of three major petrochemical projects in Thoothukudi, Nagapattinam, and Cuddalore. These projects are expected to supply essential feedstocks, positioning Tamil Nadu as a key destination for petrochemical investments.
Recognizing the critical role of chemicals and petrochemicals in industrialization, the state aims to become a USD 1 trillion economy by 2030. Tamil Nadu is the third-largest contributor to India’s chemical output, housing over 2,500 chemical industries within a robust industrial ecosystem.
To further strengthen the sector, the government has established the Tamil Nadu Polymer Park, spanning 306 acres near Chennai, to cater to plastic manufacturing and logistics needs. Additionally, proposals are in place to develop pharmaceutical and textile parks, along with sector-specific clusters for electronics, furniture, and petrochemicals.
The launch of the Tamil Nadu Single Window Portal 2.0 streamlines the approval process for investors, ensuring timely clearances and fostering a conducive environment for industrial growth.
Through these concerted efforts, Tamil Nadu aims to enhance its manufacturing capabilities, attract substantial investments, and solidify its position as a leading industrial hub in India.
