Tamil Nadu Chief Minister M K Stalin inaugurated the SIPCOT Industrial Park at Eraiyur in Perambalur district, and CM also laid the foundation stone for the Phoenix Kothari Footwear Park. SIPCOT stands for State Industries Promotion Corporation of Tamil Nadu Limited and is the industrial park in the industrially backward district of Perambalur.
- The park was established on 243.49 acres in Eraiyur on the Chennai-Tiruchy national highway to promote industrial development in the districts of Coimbatore, Perambalur, Madurai, Vellore, and Tiruvallur.
- Tamil Nadu – State nodal agency for investment promotion and single window facilitation and Phoenix Kothari Footwear and its 10 affiliated companies signed 10 MoUs for an investment of Rs 740 crore.
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