CM MK Stalin Launches Neo Tidel Parks in Tamil Nadu to Boost IT Jobs, ET RealEstate

September 24, 2024
1 min read
CM MK Stalin Launches Neo Tidel Parks in Tamil Nadu to Boost IT Jobs, ET RealEstate


<p>Representative image </p>
Representative image

CHENNAI: Tamil Nadu chief minister MK Stalin on Monday inaugurated two Neo Tidel parks in Thanjavur and Salem districts with a combined seating capacity of around 1,000 seats.

These facilities, each having a built-up area of 55,000 sq ft and built as G+3 structures are part of the govt’s effort to take information technology jobs to tier-II and tier-III cities in the state.

At an event held here at the state secretariat, CM Stalin virtually inaugurated the facilities and gave work orders for the companies moving in. The Salem facility, situated in Anaikavundanpatti and Karuppur villages, is built at a cost of Rs 29.5 crore and has commitments for 70% of the capacity, while Thanjavur facility at Pillayarpatti village, has commitments for 30% of the capacity, Sandeep Nanduri, managing director of TN Industrial development corporation told TOI. IT, ITES, health-tech companies and startups are showing interest in these cities.

“We are in talks with more clients and more work orders will be issued in two weeks,” he said. The demand for the project is good for these facilities as getting quality office spaces in smaller cities remains a challenge. TIDCO already booked clients for the Vellore facility even before it is ready, he added.

The Tuticorin project will be ready in a month, while parks at Vellore and Tirupur are expected to be inaugurated by the end of the year.

Stalin opened a 63,000 sq ft neo tidel park in Villupuram this February. The govt had announced setting up seven neo Tidel parks in the 2021-22 budget.

  • Published On Sep 24, 2024 at 09:30 AM IST

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