Singapore-based RGE to invest ₹4,953 crore in manmade fibre plant in Thoothukudi, boosting T.N.’s southern industrial growth

The Tamil Nadu government has secured a significant big ticket deal poised to boost economic development in the southern region of the state. Singapore headquartered RGE (Royal Golden Eagle), a big player in manmade fibres is setting up its first project in India at Thoothukudi.

Government sources said RGE has proposed to establish a manmade fibre plant in Thoothukudi entailing investments to the tune of Rs.4,953 crore. This project will provide employment to around 1,065 persons. An MoU regarding this will be inked between the company and the state government at the Regional Investment Conclave - TN Rising on Monday.

“What makes this project particularly notable is its strong emphasis on domestic value addition and sustainability. While the pulp required for processing will be imported from RGE’s plant in Indonesia, 90% of the remaining raw materials will be sourced from within India, with a significant portion coming from Tamil Nadu itself,” the source explained.

“This plant will serve as a reliable source of high-quality raw materials for the state’s robust textile industry. It is expected to generate local employment, strengthen regional supply chains, and contribute meaningfully to economic development across the region,” he added. The source said more MoUs are expected to be inked at Thoothukudi.

T.N. RISING CONCLAVE

The first TN Rising event will be held at Thoothukudi. More such conclaves will be held at Tier 2 and Tier 3 cities of Tamil Nadu in the coming months. By moving the focus to regional centres, the Tamil Nadu government aims to unlock the economic potential of every district, leveraging local infrastructure, skilled talent pools, and sector-specific advantages. Industries Minister T.R.B.Rajaa said: “These Regional Investment Conclaves called ‘TN Rising’ are an opportunity for us to show the world that Tamil Nadu is further on the rise as a global industrial powerhouse, and that our potential lies across the length and breadth of the state.

Thoothukudi had bagged a big investment in January 2024 during the Tamil Nadu Global Investors Meet (GIM), the first investment conclave of the incumbent DMK government. During GIM, Vietnamese EV manufacturer VinFast signed an MoU entailing investmenst of Rs.16,000 crore for an electric vehicle manufacturing facility in Thoothukudi and within two months the company broke the ground for construction. The facility, to be inaugurated on Monday, came up in 15 months.