Tamil Nadu Attracts Rs 2,000-Crore WEG Investment, Dharmapuri To Get 3,000 Jobs

Brazil-headquartered electrical equipment and industrial automation major WEG has announced a Rs 2,000-crore greenfield investment in Tamil Nadu's Dharmapuri district to establish a manufacturing hub, a project expected to generate around 3,000 jobs.

The company will acquire a 100-acre land parcel at SIPCOT Dharmapuri to develop the facility, which will manufacture electric vehicle (EV) motors, industrial drives and power generation equipment, according to a company release on Thursday.

WEG, which employs more than 50,000 people across 135 countries, evaluated several Indian states before selecting Tamil Nadu for the investment. The decision followed sustained discussions between the company's senior leadership and state government officials, including the Industries Minister, the Additional Chief Secretary (Industries) and the Managing Director of Guidance Tamil Nadu.

The latest investment builds on WEG's existing presence in the state. The company commenced operations in Hosur in 2011 and signed a Rs 650-crore expansion memorandum of understanding (MoU) with the state government in 2022.

The Dharmapuri project is expected to strengthen Tamil Nadu's manufacturing capabilities while supporting the state's 'Vetri Tamizhagam' vision of promoting balanced regional industrial development.

The company said the proposed facility would create direct and indirect employment opportunities for local youth and women, particularly in a district historically considered underdeveloped. It is also expected to encourage skill development, reduce outward migration and create an ancillary industrial ecosystem involving local micro, small and medium enterprises (MSMEs) and suppliers.

The investment reflects growing investor confidence in Tamil Nadu's industrial infrastructure and business facilitation mechanisms, the release added.