The Chief Minister announced that Sipcot would establish a Semiconductor and Electronics Manufacturing Park in Madhuramangalam, Kancheepuram district, at a cost of Rs 175 crore.
A world-class R&D (Research and Development) facility would be set up to enable new factories in the semiconductor sector, he said.
The park, he said, would attract around Rs 2,000 crore in investments and create approximately 5,000 direct and indirect jobs.
TIDCO would establish the Coimbatore FinTech Hub at a projected cost of Rs 400 crore, with public and private participation, to develop digital financial services through FinTech innovations, he said.
The hub would feature world-class facilities, modern laboratories, training and skill-development infrastructure, helping attract global investment and create high-quality jobs, Vijay said.
To attract investment through multimodal logistics infrastructure, TIDCO would study and prepare a project report. Based on it a multi-modal logistics hub would be set up in the Tiruchirappalli region.
The announcement comes after the government in the budget for 2026-2027 announced that it will strive to set up more multi-modal logistics parks (MMLPs) and dry ports at strategic locations and establish petrochemical and ancillary industries.
Vijay announced a further increase in milk procurement price to Rs 44 from Rs 41. This would entail an outgo of Rs 720 crore annually, he added.