₹100-crore tech research park planned for Perundurai

Plans for a ₹100-crore research and development park in Perundurai have entered the implementation phase following completion of the ideation stage. The facility, spanning 14 floors, will be dedicated to advancing semiconductor technology and high-value electronics manufacturing, addressing India's growing push toward self-reliance in critical tech sectors.

The research park is designed to serve as an innovation hub for companies engaged in chip design, development, and related technology products positioned higher up the value chain. By concentrating expertise and resources in a single facility, the park aims to accelerate product development cycles and foster collaboration among technology firms.

Perundurai, located in Tamil Nadu's Erode district, has emerged as an important industrial zone with existing manufacturing capabilities. The new research facility is expected to complement the region's industrial infrastructure and create skilled employment opportunities in the technology sector.

The completion of the conceptual design marks a critical milestone for the project, with stakeholders now moving toward detailed planning and execution phases. As India prioritizes semiconductor self-sufficiency and technology independence, such privately-funded research initiatives are viewed as complementary to government efforts in building domestic manufacturing capacity.