Akshya nagar Located in Nanguneri panchayat town in Tirunelveli district in the Indian state of Tamil Nadu.Nanguneri is a Taluk Headquarters in the District of Tirunelveli situate at a distance of 18 miles (29 km) from the headquarters of the District. The place gained importance for 2 project Namely 

Ø      Nanguneri Rs 14000 crore Hi-Tech Industrial Park project in a 2600 acre area .

Ø      National High way project NH 7-A four lane road with the total cost of 242 crore.

Tidco implemented to set up a Rs 14000 crore  Hi-Tech Industrial Park project in a 2600 acre area in Nanguneri in association with the INFAC Group and Axes Technologies Inc, US. A joint venture company, ATMAC Ltd, was floated to set up the park. Jurong International, Singapore, has submitted its conceptual master plan, according to which the industrial sector would include ready built factories, custom built factories, units of multi-national corporations, science, business and hi-tech or information technology parks. Moreover, BSNL is ready to provide high speed data communication facilities for STPI (Software Technological Parks of India ) STPI-Tirunelveli is one of the international gateways of STPI-Chennai, which is located in premises of M/s.Global Software Solutions and thus Tirunelveli is on the verge of becoming an emerging IT destination. Recently Tata groups have signed a significant project of titanium dioxide plant for Rs 2,500 crore in Tirunelveli.