RGE, a global resource-based manufacturing group, has announced a substantial investment of Rs 4,953 crore to establish a new manmade fiber plant in Thoothukudi, Tamil Nadu. 

This major industrial project is set to create numerous employment opportunities and provide a significant boost to the region's economy and textile industry. 

The new facility will leverage advanced technology to produce high-quality fibers, catering to both domestic and international markets. 

RGE's investment is a testament to Tamil Nadu's favorable business climate and its attractiveness as a manufacturing destination.