Industries

State-enterprise Tamil Nadu Industrial Development Corporation Ltd, a Government has submitted a concept note to the state government for developing an information technology investment region in Chennai. Once the government clears the proposal, it will be forwarded to the Centre for approval and other clearances.
The ITIR will be developed on 1,600 sq. km of land, said an official from Tidco. The project is in the initial stage and Tidco is in the process of conducting a survey for identifying land. R. Karthikeyan, Development Manager, Tidco, told Projectmonitor that the land would be identified next month and the corporation would submit the detailed project report by the end of August to the state government.
As per the proposal, Tidco will construct a new road connecting Chennai, Mahabalipuram and Kanchipuram enabling the IT companies to have alternative locations for setting up their units. Tidco also plans to connect Mahabalipuram, Tirukazhukundram, Chengalpattu and Kanchipuram with a single road while NH-4 will be extended to Mahabalipuram from Chennai.
Meanwhile Tidco is planning to expand the Ticel Bio-Park, P. Shanmugasundaram
Managing Director of Ticel Bio-Park Ltd, said phase-II would entail the expansion of the bio park from 100,000 sq. ft to 900,000 sq. ft with an investment of around Rs 1,800 crore. Land for the expansion is available and Ticel will invite private companies to set up their units in the park.
Ticel Bio-Park, a world-class infrastructure for biotech R&D, was implemented on 5 acres in Chennai at a cost of Rs 62.5 crore. Although Tidco is not a major equity partner in new industrial projects, it holds 1 per cent stake in several projects and is keen in obtaining clearances from the government for the projects to be developed by the companies.

Contact: R. Karthikeyan, Development Manager, Tamil Nadu Industrial Development Corporation Ltd, 19-A, Rukumini Lakshmipathy Road, Egmore, Chennai, Tamil Nadu 600008. Tel: 044-28551192/4479; Fax: 044-28547339 & 28553729; E-mail: cmd@tidco.com & dm-kk@tidco.com