Coimbatore’s much publicised IT park was inaugurated by The CM on 24th. The park is expected to be completed by the fourth quarter of 2008 and is estimated to provide jobs for about 10,000 people ( direct and indirect) . Out of 1,000,000 SQ.Ft assigned , 200,000Sq.Ft has been booked already. ( hmmm.. seems to be lukewarm to me.. )
The construction is expected to start in two or three months with the total budget of 300 crores. But in a separate report, Wipro said that they are waiting for the land handover to them from ELCOT, so they can start their construction. There is some confusion here.
The land distribution as of now is TIDEL takes 10 acres, Wipro takes 10 acres and TCS takes 5 acres. ELCOT is waiting for another 30 acres allotment to them for the same purpose. The final Notification of SEZ status is also pending.