Archive · 14 Aug 2025
Tamil Nadu, Hikoki to Build Power Tools Plant with ₹700 Crore Investment
The government of Tamil Nadu made a deal with Hikoki Power Tools, a company that makes tools.
They agreed to build a new factory in Chengalpattu, near Chennai.
This factory will cost a lot of money, about 700 crore rupees, and will make power tools.
It will also create more than 1,000 jobs for people to work there.
This is part of Tamil Nadu's plan to become a very big economy, aiming for a trillion dollars.
This factory is one of many new investments that will help the state grow.
Tamil Nadu signed an MoU with Hikoki Power Tools to establish a power tools manufacturing plant.
The plant will be located at Mahindra World City in Chengalpattu district, near Chennai.
The project involves a ₹700 crore investment.
It is expected to generate over 1,000 direct and indirect jobs.
The MoU contributes to Tamil Nadu's goal of becoming a $1 trillion economy by 2030.
- Who
- Tamil Nadu Government and Hikoki Power Tools (a subsidiary of Koki Holdings).
- What
- Tamil Nadu signed an MoU with Hikoki Power Tools for a power tools manufacturing plant.
- When
- August 14, 2025 (publication date).
- Where
- Mahindra World City in Chengalpattu district, near Chennai, Tamil Nadu.
- Why
- To boost the state's economy and create jobs.
- Company
- Hikoki Power Tools (Koki Holdings)
- Location
- Mahindra World City, Chengalpattu, Tamil Nadu
- Investment
- ₹700 crore
- Jobs
- Over 1,000
- Industry
- Power tools manufacturing
- Parent Company HQ
- Japan