Indian government approval of funds for jewellery park in Tamil Nadu’s Coimbatore soon

The Central government is expected to approve ₹9 crore for the jewellery park that the Tamil Nadu government is developing in Coimbatore.

An official of the State government announced on February 21, 2026, that the Tamil Nadu government sent a proposal to the Centre in November last year and it is expected to be approved soon.

The State government announced in the recent interim budget that it has allocated ₹81 crore for the jewellery park. The official said the first phase of the work will be done at ₹58 crore, during which five floors will be constructed.

The Central government is expected to approve ₹9 crore for the jewellery park that the Tamil Nadu government is developing in Coimbatore.

Tamil Nadu Chief Minister M.K. Stalin laid the foundation for the park in October last year. The park, to be developed on 2.46 acres, is estimated to cost ₹126.12 crore in total, and will benefit thousands of goldsmiths and jewellery sector stakeholders in the region.

S.M. Kamal Hasan, president of the Coimbatore Goldsmiths’ Association, said initially the Centre had approved a ₹15 crore project to set up a common facility centre for the goldsmiths here. The Centre was to disburse ₹11.8 crore for that.

“The earlier project would have benefited only a small number of goldsmiths. The jewellery park that will come up at Kurichi will benefit a large number of stakeholders in the jewellery sector,” he said