A group of small-scale Information Technology (IT) and IT Enabled Services (ITES) companies can jointly take space at the Tidel Park here, according to an official at the park.
Inviting investors to the park, the official said modular IT space ranging from 5,000 sq. ft. to over two lakh sq. ft. in each floor can be taken up by companies.
However, smaller companies that want less than 5,000 sq. ft. can look at forming a group with other companies and taking up 1,500 to 2,000 sq. ft. each.
Road show
A road show was held in Chennai recently on the Coimbatore Tidel Park. Similar shows are planned in other cities such as Bangalore and Mumbai too, the official said.
One company has taken up nearly 20,000 sq.ft. and started operations at the park and one more occupant will soon start operations.
Tidel Park here has come up on 10 acres at a special economic zone with an investment of Rs. 407 crore and has a total built-up area of 17 lakh sq. ft.
Facilities
The IT space at the park is nine lakh sq. ft. The facility has parking space for 2,900 two wheelers and 1,130 four wheelers. The multi-tenant park has 20,000 sq. ft. earmarked for common facilities such as banks, ATMs, book store, video conference hall, and travel desk.
According to the official, there are apprehensions in the IT sector now on the U.S. economy and this may slow down the expansion plans of the IT and ITES firms. Yet, there are companies that are evincing interest in the Coimbatore facility.
Showing posts with label Coimbatore Tidel Park. Show all posts
Showing posts with label Coimbatore Tidel Park. Show all posts
Friday, September 09, 2011
Monday, September 13, 2010
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.
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.
Tuesday, May 11, 2010
Friday, April 23, 2010
Thursday, January 14, 2010
Coimbatore Tidel Park to be ready by April end
As the outlook has brightened for the Indian software services sector in the new year, Coimbatore, the largest Tier-II city in Tamil Nadu is gearing up to join the IT revolution.
The much-awaited Tidel Park in the IT & ITES special economic zone (SEZ) in the city is expected to be up and running by April-end this year. Nearly 80 per cent of the construction work is over now, said a top official in the company.
The Park is jointly developed by the Tamil Nadu Industrial Development Corporation (Tidco), Electronics Corporation of Tamil Nadu (Elcot), Software Technology Parks of India (Stpi) and Tidel Park, Chennai.
With the state government actively promoting IT and ITES in Tier-II cities, Elcot has also embarked on developing SEZs in cities such as Madurai, Trichy, Tirunelveli, Salem and Hosur.
"Apart from developing common infrastructure facilities in the SEZs, we are building 50,000 sq ft buildings each in Madurai, Trichy and Tirunelveli to house IT companies," said an Elcot official.
He added Elcot would soon call for tender to start construction works at Salem and Hosur. Conceived in August 2006, the foundation stone for the Tidel Park Coimbatore was laid in February 2007, but due to global recession, the civil works contract was awarded as late as September 2008. "The costs escalated and we had to call for tenders twice," an official said.
Coimbatore has already attracted big IT companies including Cognizant, which has created a huge infrastructure inside a private SEZ. IT-enabled services companies such as Perot System, KGiSL and CBay Systems are also present in the city.
Built at a cost of Rs 380 crore, Tidel Park Coimbatore has three basement floors for parking, ground floor for commercial and IT & ITES purpose and four upper floors specifically for IT & ITES companies.
The SEZ is located behind Coimbatore Medical College on the NH 47 and is 3 kms from the airport. With about 9 lakh sq ft of space for IT and ITES companies, the Tidel Park is expected to provide employment to 12,000 professionals in one shift.
Apart from Tidel, Wipro, TCS and HCL too have bought 9.5 acres each inside the 56-acre IT-SEZ . While Wipro stopped its construction works after completing nearly 80 per cent of one block early last year, the other two companies are yet to start work.
But now with the Tidel Park nearing completion, TCS and HCL have requested for a floor each (2 lakh sq ft) to house their offices before building their own space.
A top Tidel official told that about 15 companies including government-owned Centre for Development of Advanced Computing and city-based Point Perfect Solutions have booked space inside the Tidel Park.
Many smaller companies including US-based Exterro have evinced interest. "The bookings are made on first come-first service and we lease out on short term (3 years) and long term (15 years) basis," he added.
Apart from housing IT and ITES companies, Tidel Park will have commercial shops catering to the needs of the employees. "Right from cafeteria to saloon to banks, nearly 1 lakh sq ft area in the ground floor will have all such facilities," an official said, adding Archies had already booked space under bookstore facility.
The much-awaited Tidel Park in the IT & ITES special economic zone (SEZ) in the city is expected to be up and running by April-end this year. Nearly 80 per cent of the construction work is over now, said a top official in the company.
The Park is jointly developed by the Tamil Nadu Industrial Development Corporation (Tidco), Electronics Corporation of Tamil Nadu (Elcot), Software Technology Parks of India (Stpi) and Tidel Park, Chennai.
With the state government actively promoting IT and ITES in Tier-II cities, Elcot has also embarked on developing SEZs in cities such as Madurai, Trichy, Tirunelveli, Salem and Hosur.
"Apart from developing common infrastructure facilities in the SEZs, we are building 50,000 sq ft buildings each in Madurai, Trichy and Tirunelveli to house IT companies," said an Elcot official.
He added Elcot would soon call for tender to start construction works at Salem and Hosur. Conceived in August 2006, the foundation stone for the Tidel Park Coimbatore was laid in February 2007, but due to global recession, the civil works contract was awarded as late as September 2008. "The costs escalated and we had to call for tenders twice," an official said.
Coimbatore has already attracted big IT companies including Cognizant, which has created a huge infrastructure inside a private SEZ. IT-enabled services companies such as Perot System, KGiSL and CBay Systems are also present in the city.
Built at a cost of Rs 380 crore, Tidel Park Coimbatore has three basement floors for parking, ground floor for commercial and IT & ITES purpose and four upper floors specifically for IT & ITES companies.
The SEZ is located behind Coimbatore Medical College on the NH 47 and is 3 kms from the airport. With about 9 lakh sq ft of space for IT and ITES companies, the Tidel Park is expected to provide employment to 12,000 professionals in one shift.
Apart from Tidel, Wipro, TCS and HCL too have bought 9.5 acres each inside the 56-acre IT-SEZ . While Wipro stopped its construction works after completing nearly 80 per cent of one block early last year, the other two companies are yet to start work.
But now with the Tidel Park nearing completion, TCS and HCL have requested for a floor each (2 lakh sq ft) to house their offices before building their own space.
A top Tidel official told that about 15 companies including government-owned Centre for Development of Advanced Computing and city-based Point Perfect Solutions have booked space inside the Tidel Park.
Many smaller companies including US-based Exterro have evinced interest. "The bookings are made on first come-first service and we lease out on short term (3 years) and long term (15 years) basis," he added.
Apart from housing IT and ITES companies, Tidel Park will have commercial shops catering to the needs of the employees. "Right from cafeteria to saloon to banks, nearly 1 lakh sq ft area in the ground floor will have all such facilities," an official said, adding Archies had already booked space under bookstore facility.
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