The project would come up within 18 months of finalising the modalities at an estimated investment of Rs 200-250 crore.
The long-awaited Government mooted IT Park in Coimbatore is likely to see some shape soon.
The Electronics Corporation of Tamil Nadu (ELCOT) Managing Director, Mr C. Umashankar, told Business Line that the State Government has approved the building design and the construction activity would begin by August.He said the ELCOT board and TIDCO (Tamil Nadu Industrial Development Corporation) shortlisted three designs for the Chief Minister’s approval two days back.
He has approved one of the three structures.”We will float the tender and announce the financial closure shortly,” Mr Umashankar said.
The Chief Minister laid the foundation stone two months ago. Mr Umashankar then indicated that the project would come up within 18 months of finalising the modalities.Initially, an area of 29 acres was transferred from the Health Department to the IT Department for the proposed park.Thereafter, an additional 33 acres was also acquired near the Coimbatore Medical College campus, with the Government contemplating developing social infrastructure projects.
The park is expected to have a built-up area of one million sq.ft. and the estimated investment on this has been pegged at Rs 200 crore to Rs 250 crore.”Since it has the Special Economic Zone status, we will be eligible to get a 20 per cent rebate on imported items,” Mr Umashankar said.
Wipro and Tata Consultancy Services, who have been allotted 10 acres and 5 acres respectively for establishing their own campus, are also expected to start work on the project.
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