Keen to attract more investments in the burgeoning electric vehicles (EV) sector, Tamil Nadu has almost completed work on acquiring land for the state’s first EV park of 300 acres in Shoolagiri on the outskirts of this industrial city and plans to offer a plug-and-play business model for those setting up their units.
The EV park will be located inside Hosur’s third industrial estate being developed by the State Industrial Promotion Corporation (SIPCOT), which has already completed the process of acquiring over 800 acres of the land out of the planned 1,025 acres. The existing two SIPCOT estates are spread over 1,235.86 acres, and 856.67 acres respectively housing 363 industries of varied sizes, and three housing colonies.
