CHENNAI: Thoothukudi, one of the southern districts badly hit by flood in 2023, has something to cheer about this year as a Vietnam-based electric vehicle manufacturer, VinFast, has set its eye on the district to set up a battery manufacturing plant. The company is planning to invest hundreds of millions of US dollars for the facility in a 400-acre space, for the first time in India, said sources.
The company initially planned their plant to be set up in Chennai by taking over Ford’s property. But the deal failed as Ford was not willing to sell the land. Sources said that the chief minister was keen to woo the investment to Thoothukudi, which has access to sea and air. This would also help generate jobs for the youth who have been migrating to Chennai and other regions.
