IT-SEZs likely to attract Rs 3500 cr investment in 5 years: TN CM

Chief Minister Mr M Karunanidhi on Saturday inaugurated IT-SEZs in Chennai and Tirunelveli districts set up at a cost of over Rs 100 crore and said they were likely to attract an investment of nearly Rs 3,500 crore in the next five years, besides ensuring employment for thousands.

These projects were part of the government’s decision to attract IT investments in Tier-II cities like Chennai, Coimbatore and Tiruchirappally, he said inaugurating the SEZs via video conferencing from here.

Electronics Corporation of Tamil Nadu (ELCOT) had invested Rs 32 crore on Ilandaikulam and Rs 45 crore on Vadapalanchi IT-SEZs at Chennai, Mr Karunanidhi said adding these two are expected to attract Rs 1400 crore investment and create 1.5 lakh direct and indirect employment opportunities in the next five years. A total of five IT/ITES companies are scheduled to be established here, he added.

The Chief Minister also inaugurated the 500-acre IT-SEZ at Gangaikondan in Tirunelveli with an ELCOT investment of Rs 50 crore and said it would attract an expected investment of Rs 2000 crore.

He also inaugurated the State Data Centre at Perungudi in Chennai and said the Central-State initiative had come up at a cost of a little over Rs 60 crore.

Chennai IT Park - Vadapalanji - News and Update - Starting in September 2010

The long awaited IT Park in Chennai is to be started in September 2010, said the minister. There are two sites for IT Park in Chennai and they are - Vadapalanji and another one is Ilandaikulam. Vadapalanji IT park in Chennai is made of 16 crores and Ilandaikulam is constructed of 15 crores. Vadapalanji is in the southern part of Chennai and Ilandaikulam is in the northern part of Chennai.

Minister Poongothai said that few more materials are expected from France and Ireland. Almost 75% of the construction work is done in both the sites. It is planned to start the operations of IT Park in Chennai by third week of the September 2010.

Also it is said that it creates direct employment for 5000 people and indirect employment for 20,000 people. As more and more companies come in and settle in Chennai, it would create employment for 25,000 to 50,000 people.

We are very excited about Chennai IT Park, one of the first of its kind in Chennai. Though it is too late for a second tier and major city of Tamil nadu - it is never too late. Chennai247 is very excited about this new shift for Chennai.

This article sponsored by OruAcre.com

Chennai IT Park - Vadapalanji - News and Update - Starting in September 2010

The long awaited IT Park in Chennai is to be started in September 2010, said the minister. There are two sites for IT Park in Chennai and they are - Vadapalanji and another one is Ilandaikulam. Vadapalanji IT park in Chennai is made of 16 crores and Ilandaikulam is constructed of 15 crores. Vadapalanji is in the southern part of Chennai and Ilandaikulam is in the northern part of Chennai.

Minister Poongothai said that few more materials are expected from France and Ireland. Almost 75% of the construction work is done in both the sites. It is planned to start the operations of IT Park in Chennai by third week of the September 2010.

Also it is said that it creates direct employment for 5000 people and indirect employment for 20,000 people. As more and more companies come in and settle in Chennai, it would create employment for 25,000 to 50,000 people.

We are very excited about Chennai IT Park, one of the first of its kind in Chennai. Though it is too late for a second tier and major city of Tamil nadu - it is never too late. Chennai247 is very excited about this new shift for Chennai.

This article sponsored by OruAcre.com