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Our Bureau

Chennai , Oct. 18

Tamil Nadu Industrial Development Corporation Ltd (Tidco) has invited bids to identify a private partner to promote a special economic zone in Perambalur district.

It said that the Perambalur SEZ, approved in principle by the Commerce Ministry, would be a multi-product one for industries in engineering, auto components, textile and garments, leather products, pharmaceuticals and food processing.

Land acquisition for the SEZ covering over 1,225 hectares is on and it will be on the National Highway 45 about 20 km from Perambalur town. The Chennai airport would be about 220 km, Tiruchi 75 km and the Cuddalore port 100 km from the SEZ.

The private promoter will be the principal developer and majority stakeholder in a special purpose company to implement the project. Tidco will shortlist at the most six bidders or consortia and invite them to submit proposals for developing the SEZ to select the final bidder.

To qualify for the bid which closes on November 8, the bidder must have a net worth of at least Rs 500 crore as of December 2005, must have executed a project of Rs 200 crore in infrastructure construction, industrial park or SEZ or invested Rs 100 crore or more in the project.

More Stories on : Infrastructure | Tamil Nadu

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