Aravind Melligeri, executive chairman & CEO of Aequs, says new Hosur facility will deepen domestic engine manufacturing capabilities with focus on exports and long-term value addition
Founded as QuEST Global Manufacturing, Aequs established its aerospace special economic zone (SEZ) on 250 acres in Belagavi in 2008.
'We didn’t become the SaaS capital overnight and we were prepared for it. The Tamil Nadu story is always about being future-ready,' says Rajaa
Samsung's workers have been protesting since September 9, demanding better wages, reduced working hours, and union recognition. The standoff between the company and its workers seems to be denting the Tamil Nadu government’s efforts to promote the state as an industry-friendly destination.
This will be the automobile major’s second plant in South India. The country's leading EV manufacturer already has a facility in Karnataka's Dharwad
The facility, located at SIPCOT Industrial Park in Vallam Vadagal near Chennai, is spread across 20 acres. The total project cost is around Rs 706.5 crore.
TN industries minister TRB Rajaa said rapid absorption of office spaces in Chennai underscores the state’s position as the Knowledge Capital of India
BIAL holds a concession agreement with the Union Civil Aviation ministry restricting new airports within 150 Km of KIA until 2033. Since Hosur falls within this radius, TN government is looking to partner with BIAL to get around the stipulation and expedite work
The proposed airport, with a capacity to handle 30 million passengers per annum, will span over 2,000 acres
Even though the region has a DMK stronghold, for the first time, Prime Minister Narendra Modi held a roadshow in T-Nagar to rally support for party candidates, while TN CM MK Stalin also campaigned in various residential neighbourhoods of the constituencies.
While DMK-alliance has swept TN taking all 39 seats, the party has seen relatively smaller margins in the rural constituencies
The saffron party’s aim is not an immediate win but to emerge as the principal rival of the DMK over the longer term. Even one or two seats more will serve the BJP's purpose.
Historically, left parties have dominated the region, with the DMK failing to secure the Coimbatore Lok Sabha seat since 1996. This constituency has been known for its swing nature, frequently changing representatives.
BJP was looking to boost its vote share in preparation for the state assembly polls in 2026. The party received 11.2 percent vote share from 23 seats it contested, compared to 3.6 percent in 2019 when it contested in AIADMK alliance in five seats.
TN government will provide a payroll subsidy of 30% in the first year, 20% in the second year, and 10% in the third year for jobs with a salary above Rs 1 lakh per month in the new Global Capability Centres (GCC). Additionally, a payroll subsidy of 10% of the salary for women, differently-abled, and transgender employees will be provided for two years in new industrial units employing over 500 such individuals from Tamil Nadu.
Rajaa said he wants to see 70% of investment promises made at GIM being converted into actual investments.
Amidst reports of Tesla considering to set up a manufacturing plant in Gujarat, Tamil Nadu has successfully drawn $2 billion investment from Vietnam's VinFast Auto for an integrated EV facility.
At the event, Chief Minister Stalin will also unveil his government's road map to grow the state into a $1 trillion economy by 2030.
Ahead of the Tamil Nadu Global Investors Meet 2024, this campaign aims to project Tamil Nadu as a reliable investment destination.
More than 20 Income Tax officials and eight armed police personnel were involved in the exercise, which went on for more than 20 hours, sources said.