IT companies book space in Coimbatore

Information Technology (IT) companies have booked about two lakh square feet for occupation at the Tidel Park here. The park will have a total built up area of one million sq. ft.

Managing Director of the Electronics Corporation of Tamil Nadu (ELCOT) C. Umashankar told The Hindu on Saturday that confirmation was awaited from companies for occupation of more area.

"By the time construction works start for the park the entire area will be booked," he says. Most of these would be small and medium-scale enterprises.

Chief Minister M. Karunanidhi laid the foundation for the park here on Saturday. Building works at the park are expected to start in a couple of months and would be completed by November or December 2008. The park is coming up at a total investment of Rs. 300 crore.

Mr. Umashankar said lands would be handed over soon to Wipro and Tata Consultancy Services (TCS) for their facilities at the IT park here. The park was coming up on 29 acres near the Coimbatore Medical College.

While the Tidel Park, jointly promoted by ELCOT and the Tamil Nadu Industrial Development Corporation, would occupy 10 acres, Wipro would get 10 acres and TCS five acres.

Notification awaited


The final customs notification for Special Economic Zone status for the park was awaited, he said.

ELCOT was waiting to get another 27 acres from the Health Department.