TN Rising Summit at Hosur to seal fresh investments

Tamil Nadu is set to ink fresh investment deals at the second T.N. Rising Summit at Hosur this week. “The summit will bring in over 40 investment deals. The people of Tamil Nadu can expect MoUs across sectors such as engineering and electronics, especially component manufacturing, auto and EV, aerospace and defence, food processing and industrial parks,” Industries Minister T.R.B. Rajaa told The Hindu.

“As part of the crucial Chennai-Bengaluru industrial corridor, Hosur’s strategic location, coupled with its strong auto, EV, electronics and precision engineering ecosystem, makes it ideal for global outreach,” he said. “The newly proposed Hosur international airport is moving through approvals, with the potential to handle 30 million passengers annually. A Hosur Knowledge Corridor is being planned, modelled on Chennai’s OMR (Old Mahabalipuran Road), to attract Global Capability Centres (GCCs) and R&D centres. A dedicated TIDEL Park is also coming up in Hosur,” Mr. Rajaa added.

The proposed airport is expected to boost exports through dedicated cargo infrastructure, attract domestic and global investments, and position Hosur as a new growth hub.

While presenting the Tamil Nadu Budget for 2025-26, Finance Minister Thangam Thennarasu said a ‘Hosur Knowledge Corridor’ with world-class infrastructure would be set up in Hosur city, akin to the transformation of OMR in Chennai into an IT corridor. This corridor is proposed to be established on identified lands on both sides of the Bagalur Bypass, Outer Ring Road, and the northern stretch of the Satellite Town Ring Road (STRR) in Krishnagiri district. A consultant is being appointed to prepare a comprehensive development plan for the corridor’s phased implementation.

As per the direction of the government, TIDCO identified the land in Hosur region for the development of Hosur Trade Centre with a 60,000 sq.ft space on 27.36 acres in Chennapalli village, Shoolagiri Taluk, Krishnagiri at a cost of ₹60 crore. TIDCO has engaged a consultant for Techno-Economic Feasibility Study (TEFS) for determining overall facility size, financial participation, means of finance, and other considerations. The LPS proposal was sent to the government on August 29 for obtaining an Alienation Order to enable further progress on the project.

An affordable industrial housing project at a cost of ₹450 crore is being developed by TATA Electronics Private Limited (TEPL) to provide accommodation for its employees on a 64-acre site at Nagamangalam village in Denkanikottai Taluk in Krishnagiri. For this purpose, a Joint Venture Company — Vidiyal Residency Private Limited (VRPL) — has been established with TEPL, TIDCO, and the Tamil Nadu Shelter Fund as shareholders.

The project is being implemented under the Affordable Rental Housing Complexes scheme of the Government of India.