CHENNAI: Flood-hit Thoothukudi has something to cheer about this year as Vietnamese electric vehicle manufacturer VinFast has set its sights on setting up a car and battery manufacturing plant in the southern district by investing hundreds of millions of dollars, according to sources.
VinFast was initially planning to take over the Ford plant in Chennai but the deal fell through as Ford was not willing to part with the land. Sources said that the Chief Minister was keen to bring the investment to Thoothukudi, which has access to the sea as well as an airport to help generate jobs for the youth who have been migrating from the southern district to Chennai and other regions.
