Tamil Nadu inaugurated India's first industrial housing facility at SIPCOT Industrial Park, Sriperumbudur, accommodating 18,720 employees. Built at INR 706.50 crore, the facility was launched by Chief Minister MK Stalin and Foxconn Chairman Young Liu. It provides secure, comfortable housing for Foxconn and other industrial workers, with dormitory-style rooms, six beds each, and 240 rooms per block. Stalin emphasized that this project sets a precedent for other states, boosting industrial growth and employment. Tamil Nadu, aiming for a USD 1 trillion economy by 2030, leads in women's employment, with Foxconn employing 35,000 women out of 41,000 workers.
The Tamil Nadu government has launched a groundbreaking industrial housing project at the SIPCOT Industrial Park in Vallam Vadagal, Sriperumbudur. This facility, the first of its kind in India, is designed to accommodate 18,720 workers and represents a significant investment in the state's industrial infrastructure. The project, constructed at a cost of INR 706.50 crore, was officially inaugurated by Chief Minister MK Stalin, with Young Liu, Chairman of Taiwan-based Foxconn Hon Hai Technology Group, present at the event.
This housing complex is primarily intended to provide safe, secure, and comfortable living spaces for employees working in the region's various industries, including Foxconn, a major manufacturer of Apple products. The facility features dormitory-style accommodations, with each room housing six beds. A total of 240 rooms are available per block, ensuring that a large number of workers can be housed efficiently.
Chief Minister Stalin highlighted the importance of this project, noting that it sets a new standard for industrial housing in India. He emphasized that such initiatives not only enhance the well-being of the workforce but also contribute significantly to broader economic development. By providing quality living conditions, the state aims to attract and retain industrial talent, thereby fueling job creation and economic growth. Tamil Nadu's focus on industrial development is part of its broader strategy to achieve USD 1 trillion economy by 2030.
The state has made substantial strides in this direction, with significant investments in infrastructure and industry. The presence of Foxconn, which operates two units in Sriperumbudur, underscores Tamil Nadu's status as a hub for global manufacturing. The company employs nearly 41,000 people in the state, of whom approximately 35,000 are women.
This high rate of female employment is reflective of a broader trend in Tamil Nadu, which leads the country in women's employment, with 42 percent of its workforce being female. The state's emphasis on industrial growth, coupled with its commitment to inclusive development, is positioning Tamil Nadu as a leader in India's economic landscape.
In conclusion, the inauguration of India's first industrial housing facility at SIPCOT Industrial Park in Sriperumbudur marks a significant milestone for Tamil Nadu's industrial and economic development. With an investment of INR 706.50 crore, the facility is designed to house 18,720 employees, providing secure and comfortable accommodations with modern amenities. This initiative, led by Chief Minister MK Stalin and Foxconn Chairman Young Liu, not only enhances living conditions for workers but also sets a new benchmark for industrial housing in the country. Tamil Nadu's commitment to such infrastructure projects reflects its broader strategy to achieve a USD 1 trillion economy by 2030. The state's leadership in women's employment, with Foxconn's substantial female workforce, further highlights Tamil Nadu's role as a key player in India's economic growth and industrial advancemen
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