🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

IndoSpace to dial up investment in Tamil Nadu to meet warehouse demand

VCCircle

VCCircle · 11m ago

IndoSpace to dial up investment in Tamil Nadu to meet warehouse demand

- IndoSpace plans to increase investment in Tamil Nadu by 41% in the next three years to meet the rising demand for industrial parks. - The demand for warehouse developers has surged as companies aim to diversify supply chains and capitalize on India's economic growth. - The Indian warehousing market is projected to double to $37 billion by 2032. - IndoSpace has already invested $380 million in Tamil Nadu and aims to raise the investment to $536 million. - The company expects to create over 8,000 new jobs in addition to the 15,000 jobs already planned through a previous partnership with the Tamil Nadu government. - Tamil Nadu is a preferred manufacturing destination for global companies such as Foxconn, Samsung, and Tata Motors' Jaguar Land Rover.

Related News

IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN

YourStory

YourStory · 11m ago

IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN

- IndoSpace plans to invest up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu to strengthen its presence in the manufacturing sector. - The investment will support the growing manufacturing sectors like automobile and electronics in Tamil Nadu. - The move is expected to create over 8,000 new jobs and enhance the state's industrial infrastructure. - IndoSpace has already developed over 8.8 million sq ft of completed infrastructure in Tamil Nadu and has an additional 2 million sq ft under construction. - The company's presence in Tamil Nadu includes 15 Grade A parks spread across 649 acres, serving 66 tenants from various sectors. - IndoSpace has a total equity committed to Tamil Nadu of $380 million and offers a potential chargeable area of 15.4 million sq ft in the state.

Tamil Nadu cabinet approves Foxconn's Rs 13,180-crore display module assembly unit

Economic Times

Economic Times · 11m ago

Tamil Nadu cabinet approves Foxconn's Rs 13,180-crore display module assembly unit

- Tamil Nadu cabinet approves Rs 13,180 crore investment by Yuzhan Technology (India), a unit of Foxconn, generating 14,000 jobs. - Foxconn considering Rs 1,000 crore investment to set up smartphone display module assembly unit in Tamil Nadu for Apple. - Foxconn acquires 500,000 square feet facility near Chennai for manufacturing smartphone modules, encouraging other contract manufacturers to use its components. - Foxconn's investment is the largest among 14 projects approved by the Tamil Nadu Cabinet, with a cumulative investment of Rs 38,698.80 crore. - Tata Motors to invest Rs 9,000 crore in manufacturing Jaguar Land Rover vehicles in Ranipet. - Other investments approved include Leap Green Energy Pvt Ltd (Rs 10,375 crore), Freetrend Industrial India (Rs 1,000 crore), Kaynes Circuits India (Rs 1,395 crore), Ascent Circuits (Rs 613.6 crore), and Lucas TVS (Rs 510 crore).

Apple Supply Chain Expands in Tamil Nadu

StartupTalky

StartupTalky · 1m ago

Apple Supply Chain Expands in Tamil Nadu

Apple's supply chain is expanding in Tamil Nadu with a significant INR 30,000 crore investment, expected to create 60,000 jobs. Driven by strong infrastructure and talent, Apple suppliers are setting up manufacturing in the state. The Tamil Nadu Electronics Components Manufacturing Scheme offers incentives comparable to national schemes to attract companies. Major suppliers include Foxconn, Tata Electronics, and Pegatron. This move is part of Apple's strategy to diversify its supply chain beyond China.

Vietnam's VinFast to set up $500 mln EV facilities in India

Reuters · 1y ago

Vietnam's VinFast to set up $500 mln EV facilities in India

Vietnamese electric vehicle (EV) maker VinFast has entered an agreement to establish its first manufacturing facilities in India with an investment of up to $2 billion. The project, in partnership with the state of Tamil Nadu, aims to start construction this year and generate 3,000 to 3,500 jobs locally. VinFast plans to make EV batteries in Thoothukudi, Tamil Nadu, and intends for the project to become a leading EV production hub in the region with an annual capacity of up to 150,000 vehicles. India is targeting 30% EV sales by 2030.

PM Modi Meets Foxconn Chief, Discuss India Investment Plans

Inc42 · 1y ago

PM Modi Meets Foxconn Chief, Discuss India Investment Plans

PM Narendra Modi and Foxconn chairman Young Liu discussed the company's investment plans in states like Karnataka, Tamil Nadu, and Andhra Pradesh. Liu also met with senior Mizoram official Jonathan Lalremruata to explore potential investments in the state. Furthermore, Liu is scheduled to meet with Karnataka CM Siddaramaiah and state industries minister MB Patil on August 16.

KSH Infra to invest nearly $54 mn in South India logistics park

VCCircle

VCCircle · 1y ago

KSH Infra to invest nearly $54 mn in South India logistics park

Pune-based KSH Infra, a subsidiary of KSH Group, is set to invest around $54 million in a warehousing project in Hosur, Tamil Nadu. The company aims to tap into the strong industrial demand in southern India, particularly Tamil Nadu, by developing 1.25 million square feet of industrial and logistical assets. KSH Infra has already developed four industrial and logistics parks and plans to develop 10 million square feet over the next five years. The project in Tamil Nadu is expected to generate employment for over 1,800 people.

Tata Motors plans to invest ₹9,000 crore in manufacturing in Tamil Nadu

Thehindubusinessline

Thehindubusinessline · 1y ago

Tata Motors plans to invest ₹9,000 crore in manufacturing in Tamil Nadu

Tata Motors is making a significant manufacturing investment in Tamil Nadu, with plans to invest ₹9,000 crore in building a modern vehicle manufacturing facility. The project aims to create over 5,000 jobs in the Ranipet district. The company signed an agreement with the government for the investment. Tamil Nadu has become a prominent investment hub, attracting top-tier employment opportunities and showcasing its industrial growth.

Why new-age EV manufacturers are picking nimble neighbouring states over Karnataka

Economic Times

Economic Times · 1y ago

Why new-age EV manufacturers are picking nimble neighbouring states over Karnataka

Tamil Nadu is seen as a result of the state's efforts to attract manufacturers, while Ola Electric chose to set up their factory outside of Karnataka due to proactive actions by states. Electric scooter maker Ather Energy's decision to establish a manufacturing facility in Tamil Nadu is driven by the proximity to their major markets.

TN CM visits Apple, Microsoft offices in US; inks pact with Google for AI lab

YourStory

YourStory · 1y ago

TN CM visits Apple, Microsoft offices in US; inks pact with Google for AI lab

Tamil Nadu Chief Minister M K Stalin visited the offices of Apple, Google, and Microsoft during his US visit to attract investments to the state. He discussed opportunities for investment and partnerships with the tech giants. A pact to skill two million youngsters in AI was signed with Google under the 'Naan Mudhalvan' scheme. The Chief Minister expressed his determination to strengthen these partnerships and make Tamil Nadu a key growth engine in Asia. Tamil Nadu aims to become a hub for technology and manufacturing and a leader in AI.

Google excited about progress with Pixel phones: TN industries minister

Economic Times

Economic Times · 11m ago

Google excited about progress with Pixel phones: TN industries minister

Tamil Nadu Industries Minister TRB Rajaa met with representatives from Google to discuss the progress of the Google Pixel phone manufacturing in Tamil Nadu. The state government had recently signed an MoU with Google for the establishment of Tamil Nadu AI Labs. The collaboration aims to drive technological advancements and foster innovation, focusing on areas such as AI start-up enablement, skilling, and industrial ecosystem development. The discussions also explored opportunities in sectors including manufacturing, skill development, education, startups, and MSMEs. The AI Lab is set to open soon.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

GST 'fraud': MNCs gained from fak ...

Exclusive: Lighthouse-backed Duro ...

US tariffs to shear 5-10% off hom ...

Download the medial app to read full posts, comements and news.