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Saturday, April 13, 2024

TN govt to establish Tidel park in Madurai : Stalin


Tamil Nadu Chief Minister M.K.Stalin

on Thursday announced that a new TIDEL Park would be

set up in this district.

Addressing the Southern Regional MSME meet organised

by the Micro, Small and Medium Enterprises department,

the Chief Minister said the Tidel Park will be set up in two

phases at Mattuthavani in Madurai district.

In the first Phase it would be set up .in a five acre land at a

cost of Rs 600 crore and it would be doubled on another

five acres in the second phase.

The Tidel park will provide quality infrastructure for IT and

Fintech companies, he said, adding, it would generate job

opportunities for 10,000 people and help spur economic

activity of Madurai region.

The Chief Minister said the TIDEL Park Limited, along with

the Madurai Corporation, will form a Special Purpose Vehicle

(SPV) for setting up of the TIDEL Park.

It would be operated and administered by TIDEL Park Limited.

Recalling that former Chief Minister, M.Karunanidhi sowed the

seeds for the IT revolution in the State by setting up the TIDEL

Park in Chennai in 2000, Stalin said it was followed up by

setting up another TIDEL Park in Coimbatore.

He also said the state Government was in the process of setting

up neo-TIDEL Parks in Tier-2 and Tier-3 cities like Thoothukudi,

Tiruppur, Villupuram, Thanjavur, Salem, Vellore and Ooty



He said the State Government was not looking at industrial

development as flourishing of the industries, but as job

generators that leads to improvement of livelihood of lakhs

of families.

Such industries would develop the economic activities of

the block and district and thereby contribute to State’s

economic development.

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