Singapore-based Royal Golden Eagle (RGE) is set to establish its first Indian venture – an estimated 4,953 INR-Crore fiber plant in Thoothukudi, Tamil Nadu. The project, unveiled at the inaugural ‘TN Rising’ Regional Investment Conclave, is poised to accelerate industrial growth in the southern districts of the state.
The proposed manmade fiber facility will generate employment for approximately 1,065 people. Furthermore, it will serve as a key supplier of high-quality raw materials to Tamil Nadu’s thriving textile sector. While pulp will be imported from RGE’s Indonesian operations, 90% of the remaining raw materials will be sourced domestically, with a significant share from Tamil Nadu itself.
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This strategic investment emphasizes sustainability and domestic value addition, strengthening regional supply chains and enhancing local manufacturing capabilities. The RGE fiber plant is expected to catalyze further industrial activity in Thoothukudi. This recently attracted major investments, including VinFast’s 16,000 INR-Crore EV facility.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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