Latest news with #SIPCOT
Hindustan Times
6 days ago
- Automotive
- Hindustan Times
VinFast India plant to be inaugurated on July 31
Vietnamese electric carmaker VinFast is gearing up to launch its operations in India, and the company is all set to inaugurate its manufacturing facility on July 31, 2025. VinFast will be opening its production plant in India in Thoothukudi, Tamil Nadu, and the new facility will localise the VF6 and VF7 electric SUVs, slated for launch next month. The automaker is investing ₹4,000 crore over a five-year period in the upcoming facility, which will have an annual production capacity of 150,000 units. VinFast is investing ₹ 4,000 crore over a five-year period in the upcoming facility, which will have an annual production capacity of 150,000 units. VinFast's India Plant To Come Up In Thoothukudi VinFast broke ground for the new plant in April 2024, and the facility is ready in a little over a year. The plant is spread over a 400-acre site located at the Tamil Nadu Industrial Promotion Corporation (SIPCOT) industrial park, and is expected to generate 3,000 to 3,500 direct and indirect jobs. The manufacturer recently inducted the first cohort of 200 locally hired professionals at the Thoothukudi plant. Also check these Cars Find more Cars UPCOMING VinFast VF6 59.6 kwh 59.6 kwh 399 km 399 km ₹ 30 - 45 Lakhs Alert Me When Launched BYD Atto 3 60.48 kWh 60.48 kWh 521 km 521 km ₹ 24.99 Lakhs Compare View Offers BYD eMAX 7 71.8 kWh 71.8 kWh 530 km 530 km ₹ 26.90 Lakhs Compare View Offers UPCOMING Mahindra BE 07 80 kWh 80 kWh 450 km 450 km ₹ 25 - 30 Lakhs Alert Me When Launched UPCOMING VinFast VF9 123 kwh 123 kwh 531 km 531 km ₹ 65 - 67 Lakhs Alert Me When Launched Mahindra BE 6 79 kWh 79 kWh 682 km 682 km ₹ 18.90 Lakhs Compare View Offers Also Read : VinFast VF7 variants revealed ahead of launch in August. Check them out… The VinFast VF7 and VF6 will be the first launches from the brand in India and are slated to arrive at customer homes by September this year The new plant will not only cater to the demand in the domestic market but will also export products to multiple markets overseas across South Asia, the Middle East and Africa, the company had previously announced. VinFast is ramping up its network presence and will begin operations with 32 dealerships across 27 cities nationwide. The brand has begun accepting pre-bookings for the VinFast VF6 and VF7 in India for a token of ₹21,000. Both electric SUVs will take on some popular rivals with the VF6 being a Hyundai Creta Electric rival, while the VF7 will be a rival to the BYD Atto 3, Tata Harrier EV, and the like. Watch: VinFast VF7 First Look Vietnamese e-SUV all set for India Launch VinFast Cars Coming To India The VinFast VF6 is about 4.3 metres in length and will be positioned as the quintessential family offering. It promises a stack of features, including Level 2 ADAS, a larger touchscreen infotainment system, a head-up display, signature lighting, a panoramic glass roof, and more. Meanwhile, the VinFast VF7 is the more premium option, measuring over 4.5 metres and packing a butch design, acres of space in the cabin, Level 2 ADAS, premium materials, along with a panoramic glass roof, signature LED lighting, and more. We drove both SUVs in Vietnam earlier this year at the company's test track. Check out Upcoming EV Cars in India. First Published Date:
The Hindu
6 days ago
- Business
- The Hindu
Upgraded Thoothukudi airport to strengthen cargo and industrial connectivity
Industrial forums in Thoothukudi have welcomed the much awaited inauguration of the new airport terminal building, highlighting the development as a significant boost for the region's industrial sector and cargo handling capabilities. The upgraded Thoothukudi airport with extended runway, nightlanding facilities and newly constructed terminal, is set to be inaugurated by Prime Minister Narendra Modi on July 26 (Saturday). With Thoothukudi emerging as one of the leading destinations for industrial hubs, the upgraded terminal is expected to provide greater convenience for industrialists, businesspeople and the general public from Thoothukudi and neighboring districts. D.R. Kodeeswaran, President of the Indian Chamber of Commerce and Industry, Thoothukudi, emphasized the airport's strategic location between two major urban clusters, namely Tirunelveli and Thoothukudi districts. He stated that Thoothukudi is among the most promising investment destinations in southern Tamil Nadu. Mr. Kodeeswaran further pointed out the large-scale projects envisaged in the region, including the outer harbour project of V.O. Chidambaranar Port, ISRO's new rocket launching pad at Kulasekarappatinam, furniture park at SIPCOT premises, Vietnamese manufacturer VinFast's plant in Thoothukudi. He also stressed the need to enhance air connectivity to key destinations such as Hyderabad, Mumbai, Delhi, Kolkata and Kochi. Currently, only IndiGo and SpiceJet operate from Thoothukudi and he emphasised the importance of attracting more airlines. He noted that the Thoothukudi airport has shown a passenger growth rate of 15.2% in 2024-2025 compared to 2023-2024. Meanwhile Samuel, Former Chairman of CII, Thoothukudi said, ' We have also requested that the airport be upgraded to International status soon, especially to operate flights to countries like Male, Colombo and Dubai.' He added that with the district also evolving as a major spiritual tourism hub, the inauguration of the new terminal comes at an ideal time. 'As the SIPCOT in Gangaikondan is poised to welcome several prominent companies, improved air connectivity in the region will play a crucial role in supporting industrial growth,' he concluded.
The Hindu
6 days ago
- Business
- The Hindu
No land for acquisition, Shoolagiri farmers tell the DRO-incharge in Krishnagiri
It was charged atmosphere at a public hearing called by the land acquisition section for SIPCOT in Krishnagiri, as farmers of Shoolagiri villages came in strength to record their objections to the land-acquisition notices issued, on Thursday (July 24, 2025). Earlier, this week, farmers of Nallaganagothappli and surrounding villages were issued notices with a price quote of ₹41 lakh per acre as land price for a proposed acquisition for SIPCOT by the government. The notice issued by the District Revenue Officer (DRO)-land acquisition called upon the farmers, whose survey numbers were listed for acquisition, to be present for 'direct talks' on the transaction. Outraged farmers arrived at the DRO's office to record their objections for land acquisition and also seeking a 'permanent guarantee' against these threats. The common refrain among farmers was, many farmers had already given their lands, and yet were once again called to give up parcels of land left. According to farmers, since 2016, notices were being issued to farmers, on and off. 'We were first issued notices for SIPCOT IV in 2016, and amid large scale protests, the then Collector assured that areas that fall under the Kelavarapalli left main canal watershed will not be acquired. However, every now and then there is an acquisition scare,' says Ashwathnarayanan a farmer. According to Mr. Ashwathnarayanan, 1,100 acres were already acquired and lands were ceded for road formation. Now, the areas that were issued notices for acquisition fall under the Kelavarapalli left main canal watershed. Farmers of Naalaganagothapalli, Gurubarathapalli, Koneripalli, and Gundukurukki were issued notices to acquire over 250 acres. On Thursday, a group of marginal landholders vocalised their anger to the DRO incharge. Some of the families had already resettled in the earlier acquisition, initially for SIPCOT and later for canal construction. The three families, who have now become 15 are once again issued notices to handover their lands, says K. Subramani, Coordinator, Tamizhava Vaisayigal Paadhukapu Sangam. 'Where will farmers go, when these are the only marginal holdings they have?' he added. There is no rehabilitation or resettlement, says Mr. Subramani. These are cropped areas that grow mint, cabbage, flowers, and vegetables. Addressing the DRO, Mr. Subramani said, the livelihood of those landowners whose lands are sought after for industry depended on those very lands. 'They carry their produce everyday to the market to sell and live off the sale proceeds.' Mr. Ashwathnarayanan, who is also anticipating a notice soon says, there were already fallow lands as part of private real estate group's landbank that is just off the highway. 'Why are they not approaching these lands, but coming into the villages and offering a price that would not last,' he questions. Later, Poongothai, DRO-incharge for land-acquisition informed the landowners that 'their stand will be communicated to the Collector.'
The Hindu
19-07-2025
- Business
- The Hindu
Over 2,260 acres to be acquired for Nanguneri SIPCOT Industrial Park
Chief Minister M. K. Stalin's announcement of setting-up SIPCOT industrial park at Nanguneri has started taking definitive shape as the Tamil Nadu Government has notified the acquisition of 915.03 hectares (2,260.13 acres) of patta and government poramboke lands near Nanguneri for the proposed industrial estate. When Mr. Stalin visited the district on February 7, he announced that the SIPCOT would establish industrial estates at Nanguneri and Moolaikkaraipatti in addition to the already overflowing Gangaikondan SIPCOT Industrial Growth Centre. Subsequently, the notification for acquiring 826.86 ha of private patta land and 88.17 ha of government poramboke land has been issued. While the private patta lands will be purchased through negotiations, the government poramboke land will be used for this project through ownership transfer. Apart from appointing a team of officials led by a Special District Revenue Officer, the government has also approved the proposal for allocating ₹871.86 crore for acquiring 2,042.35 acre private patta land for the project. To expedite the land acquisition to be done around the Nanguneri Toll Plaza, a Special District Revenue Officer, a Special Tahsildar and 117 positions have been created as the government is keen on starting the work at the earliest. The land identified for the upcoming industrial park is close to the 4-lane Kanniyakumari to Tirunelveli national highway to make transportation easier. 'An Indian major having its presence in a range of product manufacturing is likely to have its unit here for producing shoes, sports shoes, sneakers etc.,' a senior official told The Hindu. Even though the Chief Minister's announcement on setting-up an industrial estate near Nanguneri has moved to the next level with the notification on acquisition of land, the Nanugneri Multiproduct Special Economic Zone announced by late Chief Minister M Karunanidhi in March 2001 is gradually dying. While the entry of one more SIPCOT Industrial Complex has enthused the industrialists and the investors having their manufacturing units in Gangaikondan, they also urge the government to explore the possibilities of reviving the 'gradually dying' Nanguneri Multiproduct Special Economic Zone. 'Since the Nanguneri Multiproduct Special Economic Zone was initiated by late Chief Minister M. Karunanidhi in March 2002, Mr. Stalin should take vigorous efforts to revive it. Even though there are some legal tangles now crippling this SEZ's full-fledged development, setting it free is not something impossible for a government. If the Nanguneri Multiproduct SEZ is also revived along with the Nanguneri SIPCOT complex, the entire southern region, advantageously situated close to Thoothukudi and Vizhinjam Ports, will become well-developed region within no time,' said Gunasingh Chelladurai of Bell Group of Companies.
Time of India
08-07-2025
- Business
- Time of India
Kerala falls behind while TN eyes Vizhinjam port windfall
Thiruvananthapuram: While the Kerala govt continues to struggle with land acquisition for industries near the Vizhinjam International Seaport, neighbouring Tamil Nadu has moved swiftly to capitalise on the port's potential. The Tamil Nadu govt recently approved four new SIPCOT industrial parks in Tirunelveli district—just across the border and within easy reach of Vizhinjam. A govt order has been issued to acquire over 2,260 acres of land for two parks in Nanguneri. A third park is planned at Moolakaraipatti, while Phase 2 of the existing SIPCOT park in Gangaikondan is ready for launch. All these parks are being developed to utilize the potential of Vizhinjam Port. Meanwhile, social media in Tamil Nadu has been abuzz with posts highlighting these new industrial developments, positioning south Tamil Nadu as the prime beneficiary of Vizhinjam's transhipment traffic and economic potential. Many posts underline the proximity of these parks to the port, promoting it as a strategic advantage—especially since the state missed out on developing a port at Enayam or Colachel. In stark contrast, Kerala has so far identified only about 100 acres near the port through Kinfra, with land negotiations still ongoing in other areas of Thiruvananthapuram district. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo A senior Kerala govt official, speaking on condition of anonymity, acknowledged that Tamil Nadu, which has large land parcels available, is seizing the opportunity and attracting investors by offering competitive lease rates—between Rs 70 lakh and Rs 1 crore for 99 years. "This will adversely impact Thiruvananthapuram's industrial prospects. Major investments may shift to Tamil Nadu if Kerala fails to act swiftly on port-led industrialisation," the official said. APM Mohammed Hanish, principal secretary of the industries department, said Kerala envisions a port-based development corridor stretching from Palakkad to Vizhinjam. "Just as industrial parks are coming up in Tirunelveli and Tuticorin, we already have one in Palakkad. The distance from Palakkad to Thiruvananthapuram is only six hours. The port's impact should extend along this corridor," he said. He added that Kinfra has identified 150 acres a few kilometres away from Vizhinjam Port and the govt is looking for land in Thiruvananthapuram district. At the recent Invest Kerala summit, several investors expressed interest in setting up units near Vizhinjam. Dubai-based Sharaf Group offered to invest Rs 5,000 crore in an Inland Container Terminal. However, the govt asked them to find suitable land on their own. Kinfra had identified about 340 acres in areas like Neyyattinkara, Balaramapuram, Kattakada and Kuttichal, but most of this land still lacks official clearance.
