Singapore-headquartered Royal Golden Eagle (RGE) will invest Rs 4,953 crore to set up its first Indian project — a manmade fibre plant in Thoothukudi, Tamil Nadu.

The facility will employ around 1,065 people and will be formalised through an MoU with the state government at the upcoming ‘TN Rising’ Regional Investment Conclave today. The plant will prioritise domestic value addition and sustainability, sourcing 90 percent of raw materials from India, with a significant share from Tamil Nadu, while importing pulp from RGE’s Indonesia unit. It will provide high-quality raw materials to the state’s textile sector, strengthen regional supply chains, and boost employment.

The ‘TN Rising’ conclave, part of a series targeting tier-2 and tier-3 cities, aims to unlock district-level industrial potential. Thoothukudi has recently attracted major investments, including Vietnamese EV maker VinFast’s Rs 16,000-crore plant announced in January 2024, which is set for inauguration. Industries More MoUs are expected at the conclave, signalling a strong push for balanced regional development.