The Tamil Nadu government will set up a new IT park at a cost of ₹230 crore in north Chennai, a move aimed at creating more technology hubs in the city for job creation.
The project called Pattabiram IT Park will be built and managed by the TIDEL Park.
The Tamil Nadu government on Wednesday granted entry permit for the upcoming IT Park at Avadi-Pattabiram. As part of the permit, the government has given approval to transfer 10 acres of land to TIDEL Park for this project, a statement said.
The construction work is expected to begin in August and the IT Park will be built on 10 acres of a 38.4-acre government land parcel. The proposed facility will have a built-up area of 5 lakh sq ft.
“This project will be completed in 2021 and is set to transform Avadi into an IT hub of international standards, creating a plethora of job opportunities,” State Industries Minister MC Sampath said in the statement.
TIDEL Park has appointed a project engineering management consultant to oversee the execution of the project and it will take 30 months to finish the construction. Once completed, the project is expected to facilitate jobs for over 30,000 people.
“We have handed over the entry permit to TIDEL Park who will prepare the land for construction,” said State Minister for Tamil Development, Tamil Culture and Archaeology K Pandiarajan.
The project will reshape this industrial belt into an IT hub with thriving job opportunities for the people in the west and northern belt of Chennai. Many leading multi-nationals such as CTS and TCS, have already expressed interest in setting up businesses here, he added.
Source:- The Hindu BusinessLine