T.N. CM Stalin announces plan to build jewellery park at ₹126 crore in Coimbatore

Tamil Nadu Chief Minister M.K. Stalin has unveiled plans to establish a ₹126-crore jewellery industrial park in Coimbatore, in response to requests from the Coimbatore Gold Jewellery Manufacturers and the Coimbatore Goldsmiths’ Association.

Tamil Nadu Chief Minister M.K. Stalin has unveiled plans to establish a ₹126-crore jewellery industrial park in Coimbatore, in response to requests from the Coimbatore Gold Jewellery Manufacturers and the Coimbatore Goldsmiths’ Association.

“Coimbatore, a key centre in the global gold jewellery industry, will see the establishment of this jewellery park in Kurichi with an investment of ₹126 crore. The park will be equipped with all the essential facilities, including a NABL-accredited testing lab, and is expected to generate direct employment for 2,000 people and indirect employment for 1,500,” he said.

Speaking at the foundation stone-laying event for Thanthai Periyar Library on Wednesday (November 6, 2024), which is to be constructed at a cost of ₹300 crore in over 1,98,000 sq. ft. on the Coimbatore jail ground premises in Gandhipuram, Mr. Stalin said, “This library will be a resource for Coimbatore, providing a space for learning and knowledge for the city’s future generations. It will open in January 2026,” he added.

The Chief Minister also announced plans for a multi-modal logistics park with an investment of ₹300 crore and an aviation technology park costing ₹220 crore. “Both the multi-modal logistics park and the aviation technology park are set to be developed near Sulur,” he said.

“Additionally, a new large IT park will be constructed on 17.17 acres of land near the ELCOSEZ in Tidel Park, creating jobs for approximately 36,000 people and expected to boost Coimbatore’s economy and development,” he stated.

He also announced: “The Avinashi Road flyover will be extended from Chinniyampalayam to Neelambur, covering a 5-km stretch at an estimated cost of ₹600 crore.”

“To reduce human-wildlife conflicts due to elephant movements in the Thondamuthur area and to prevent crop damage and loss of life, modern elephant-resistant barriers will be installed over a 10-km stretch at a cost of approximately ₹7 crore,” he added.