CM Stalin lays foundation stone for Tiruchy, Madurai TIDEL parks at Rs 717 crore

CHENNAI: Chief Minister MK Stalin on Tuesday laid the foundation stone for TIDEL parks, which will be constructed at an estimated cost of Rs 717 crores at Tiruchy and Madurai.

The two parks have the joint capacity to generate around 12,000 jobs in the state. The tidel park in Tiruchy, measuring 5.58 lakh sq ft and spread across ground plus six floors at Panjapur in Tiruchy corporation, will be developed at a cost of Rs 403 crore.

The Tidel park at Maatuthavani in Madurai will be developed at a cost of Rs 314 crore. The Madurai Tidel Park measuring 5.34 lakh sq ft will comprise ground plus 12 floors.

Developed as a part of the government's vision to spread the growth of information technology across the state, both parks have been designed with state-of-the-art facilities to accommodate IT, ITES, BPOs and startups that would generate around 12,000 jobs.

Stalin inaugurated a similar Tidel park at Pattabiram in Tiruvallur at a cost of Rs 330 crore to meet the demand of the sector and promote industrial development. Conceived and launched first at Taramani in 2000 during the past DMK regime led by then chief minister M Karunanidhi, successive governments in the state have been developing TIDEL parks in major cities like Chennai, Coimbatore, Tiruchy and Madurai, and mini Tidel parks in tier two and three cities like Thanjavur, Viluppuram Thoothukudi and Salem to diversify the growth of the IT sector, which has been identified as one of the major contributors for achieving the government's target of making the state a $1 trillion economy by 2030.