Union Budget 2026: Tamil Nadu to Get Rare Earth Corridor, High-Speed Rail Network
India
M
Moneycontrol•01-02-2026, 12:30
Union Budget 2026: Tamil Nadu to Get Rare Earth Corridor, High-Speed Rail Network
- •Union Finance Minister Nirmala Sitharaman proposed a rare earth corridor for poll-bound Tamil Nadu in the Union Budget 2026.
- •India will focus on its semiconductor mission, emphasizing domestic capital-goods capabilities and an independent supply chain.
- •Mineral-rich states like Odisha, Tamil Nadu, Andhra Pradesh, and Kerala are crucial for securing rare earth resources.
- •A high-speed rail corridor from Hyderabad to Chennai was also announced, along with a coconut and cashew promotion scheme for Kerala and Tamil Nadu.
- •Past allocations for Tamil Nadu focused on education, semiconductor manufacturing, housing, and National Highway projects like Madurai–Kollam and Chittoor–Thatchur corridors.
Why It Matters: Tamil Nadu receives a rare earth corridor and high-speed rail in Budget 2026, boosting its economic and industrial growth.
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