Tamil Nadu govt gives nod to 4 million sq ft Tidel park in Avadi

Tamil Nadu govt gives nod to 4 million sq ft Tidel park in Avadi
16/07/2018 , by , in News/Views

The state government on Saturday cleared the proposal to set up a new Tidel Park at Avadi in the western suburbs of the city. The facility is expected to include 4 million sqft building for software companies, state-of-the-art auditorium, food court, and banks and ATM facilities.

Chief minister Edappadi K Palaniswami has approved allocation of 10 acres belonging to Southern Structural Solutions, a defunct state government PSU, for the park in the first phase, said a source in the government.

Southern Structural has 48 acres at Pattabiram. The government would unlock more land for the expansion of the park in future, said the source. This will be the second Tidel Park in Chennai. The first one, measuring 1.5million sqft, was set up at Taramani in 2000. IT companies located in the park employs more than 12,000 people at present. It charges a rental of 54 per sqft and is almost fully occupied.

The Tamil Nadu Industrial Development Corporation (TIDCO), which developed and managed the Taramani park, will be the managing the Avadi park too, sources said.

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