TIDEL Park to be operational by year 2011

The Coimbatore Tidel Park that was inaugurated by Chief Minister M. Karunanidhi here on August 2 is expected to become operational before next January.

Some companies have booked space at the park and a couple of large-scale companies are also expected to occupy space at the Tidel, according to an official here. The Government has reduced the rent from Rs. 30 a sq ft to Rs. 25 a sq ft and has also brought down the advance amount for rental to six months. The minimum area to be occupied by a company at the park is also flexible though the Government has fixed it at 5,000 sq ft, the official said.

The park is located in a 56-acre special economic zone and has a total built up area of 17 lakh sq ft.