• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

R. Balaji

Chennai , Dec. 1

Tidel will be positioned as brand in the information technology infrastructure sector to exploit the success and reputation of the Tidel Park set up six years ago, which catalysed growth of IT companies along the Old Mahabalipuram Road in Chennai.

According to officials, infrastructure facilities promoted for IT companies by the State-run industry promotion agencies will sport the Tidel nametag.

Over the next two years, three more Tidel Parks — two in Chennai and one in Coimbatore — are to come up.

The Tidel Park in Coimbatore, for which the foundation stone is to be laid soon, will be Tidel 4 "even if chronologically it is the second," say sources.

SEZ status

The two other Tidel parks in Chennai, for which the Tamil Nadu Industrial Development Corporation (TIDCO) will seek SEZ status, are to come up near the existing Tidel Park. One will be adjacent to it, on the IT Corridor, where TIDCO has 27 acres, and the other on a 25-acre spread at Taramani next to the American International School. The guideline value in this area is estimated around Rs 8-9 crore an acre.

Govt nod awaited

According to sources in the know, TIDCO is awaiting the Government's nod before calling for bids for the projects. Both projects are to come up almost simultaneously and TIDCO will take up to 11 per cent stake. The private bidders will have to take the land value into account, said sources.

Tidel is a joint venture of TIDCO and Electronics Corporation of Tamil Nadu (ELCOT) to promote Tidel Park. It was among the initiatives that sparked the emergence of the Old Mahabalipuram Road as an IT Corridor.

The State Government hopes to build on the brand, they said.

All infrastructure facilities for IT companies supported by TIDCO will sport the brand Tidel even if it is in partnership with a private player.

At the time it was promoted, Tidel was to have provided consultancy and guidance services to real estate developers to help them meet the requirements of software companies and there was talk about a Tidel II, when estimates put the need for built up space for software companies was estimated at about 2 million sq. ft.

But after the initial euphoria of the Tidel Park I there was a gap in further development of space by TIDCO. It got back into the act when it joined with the Singapore-based Ascendas to promote the International Tech Park in Chennai about three years ago.

Developments in this sector have far outpaced estimates — in an interaction with newspersons recently officials said that over 150 No-objection-certificates have been issued for IT parks in Tamil Nadu.

Over 49 million sq. ft is to be developed and, of this, 6.5 million sq ft will be ready by the year-end. Apart from those announced, more are planned in Madurai and Tiruchi.

More Stories on : Infrastructure | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Reliance Comm m-cap crosses $20 b

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line