The TN govt is pitching for IT investments in the state with some seriousness. The news reports last week hinted that the TN govt is promoting tier II cities in TN to establish IT companies. The collectors and corporation officials from Trichy, Madurai, Tirunelvelli, Coimbatore, Hosur and Salem are in Bangalore promoting their cities and its infrastructure including educational and industrial strengths to big IT industries. Land has been identified and earmarked in all these cities.
The IT parks may be of either type – Tower Type like TIDEL park in Chennai or Campus Type Like the one in CBE which hosts Cognizant. Coimbatore is getting more attention in this and it already has 1 Million Sq. Feet alloted for a joint venture between ELCOT and TIDEL Park Ltd.
Hosur, which neighbours Bangalore has a leg up on competition with proposed a 2,500-acre SEZ and a 200-acre IT park. The district administration has also identified a 150-acre plot and a 750-acre piece of land for two IT companies. Land allotment will commence in two or three months.There is no information which IT companies have shown interest in this. But with the bursting of seams in Bangalore and chennai, it is a step in the right direction to promote other cities to keep the investment within the state. It also helps to have an active person like Dayanidhi Maran in Central Govt who can sway the decisions towards TN.
An added advantage to this investments is that the infrastructure in these cities will be improved but the cost of living will go up dramatically especially in Trichy and Salem.
Source: The Hindu Business Line, Business Standard ,Money Control