CHENNAI: The Tamil Nadu government has applied for environmental clearance to establish another SIPCOT industrial park in Hosur.

According to Maalaimalar, the proposed park will come up on 1,882 acres in Shoolagiri near Hosur, with an estimated investment of Rs 1,003 crore.

The new industrial park is expected to generate employment opportunities for 14,000 youth in the area.

This proposed project is set to be Hosur’s third major SIPCOT hub. The bustling town in Krishnagiri district is rapidly emerging as a top-tier industrial powerhouse in the state.