08 March 2022, Mumbai:
M.K. Stalin, the Chief Minister of Tamil Nadu, said on Monday that the State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) will build a huge textile park in the Virudhunagar district.
Stalin said the 1,000-acre textile park will be under the Central government's Mega Investment Textiles Parks (MITRA) initiative, and a complete project report will be prepared soon.
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The Tamil Nadu government also signed an MoU with 25 companies, including micro, small and medium enterprises (MSMEs), involving a potential investment of Rs 1,910 crore.
Stalin also launched the portal www.tnlip.com wherein owners of large tracts of land can list their properties for sale for industrial projects.
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