Chennai, March 10 Once a rural area, Sriperumbudur is now the engine of Tamil Nadu's economy, driving the state's growth at 11.2 per cent in 2024-25.
The state's success is due to its high human capital and industrial efficiency. Sriperumbudur has been instrumental in providing the specialized workforce needed to sustain both large-scale manufacturing and high-end services.
Sriperumbudur has evolved into a major manufacturing hub, with companies such as Samsung, Foxconn, and Dell, along with their network of component suppliers, serving both domestic and international markets.
The region has emerged as a major source of employment, providing jobs for over 70,000 people.
In a press release on Tuesday, ManpowerGroup India Brand Lead Shailesh Khanna said, "The Sriperumbudur story reinforces a critical policy insight: manufacturing-led growth has its greatest impact when job creation is paired with skill development, fair wages, and long-term workforce investment."
"Companies like Samsung Electronics demonstrate how early and sustained industrial investments can transform regional economies – not just by creating jobs, but also by formalizing livelihoods, raising incomes, and improving workforce productivity," he said in a statement.
According to industry observers, companies like Hyundai and Samsung helped establish wage and welfare benchmarks that influenced the broader ecosystem.
The industrialization in Sriperumbudur has reshaped household income patterns, skill profiles, and young people who once migrated to cities are now able to access formal-sector jobs closer to home.
Supporting industries such as logistics, housing, retail, food services, and training institutes have flourished alongside anchor investors.
Anarock Property Consultants Pvt Ltd City Head and Director Sanjay Chugh said, "Overseas investments catalyze local economic growth by enabling the development of modern industrial estates in Chennai – fostering technology transfer, creating quality jobs, and empowering local companies to scale and compete globally."
This is reflected in the Tamil Nadu growth story, which is outperforming the national index for growth.
"The state is poised to become a USD 150 billion electronics hub by 2030 and will also become a one trillion-dollar economy by 2030-31 with a target of 12-14 per cent annual nominal growth," the release said.
Sriperumbudur's journey underscores that sustained industrial investment can anchor local prosperity.
"Electronics manufacturing has not merely created factories, it has reshaped a regional economy," the release added.