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Tamil Nadu identifies over 250 acres to allot to IT cosKnight Ridder Tribune Business News  . Washington: Nov 15, 2006. pg. 1

Abstract (Summary)

Nov. 15--CHENNAI, India -- It may well be 'Destination Madurai' for the IT/ITES sectors in Tamil Nadunow, after Chennai and Coimbatore. The state government has identified over 250 acres of land for allotment to IT companies, besides unveiling a plan to promote a one million sq ft IT Park on theoutskirts of the Temple City.

Lower attrition and operational costs, besides abundant availability of skilled manpower are sure tomake this Tier II city equally attractive to the IT/ITES industries, argued Tamil Nadu governmentofficials. They are banking on the 1 percent attrition rate in Honeywell Technology in Madurai as an

"Honey" to lure IT majors.

"We have identified 257 acres, opposite to Madurai Kamaraj University, at Vadapalanji village, just four kms away from Madurai city limits to promote a software park. In addition, we have also identified 50acres at Illandhaikulam for another IT Park," Mr C Umashankar, managing director, state-owned Elcotsaid. While 200 acres have already been acquired, about 36 acres will be set aside for "IT housing," headded.

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(556 words)To see more of The Economic Times, or to subscribe to the newspaper,go tohttp://economictimes.indiatimes.com Copyright (c) 2006,The Economic Times, India Distributed by McClatchy-Tribune BusinessNews. For reprints, email tmsreprints@permissionsgroup.com, call 800-

374-7985 or 847-635-6550, send a fax to 847-635-6968, or write toThe Permissions Group Inc., 1247 Milwaukee Ave., Suite 303,Glenview, IL 60025, USA.

Nov. 15--CHENNAI, India -- It may well be 'Destination Madurai' for the IT/ITES sectors in Tamil Nadunow, after Chennai and Coimbatore. The state government has identified over 250 acres of land for allotment to IT companies, besides unveiling a plan to promote a one million sq ft IT Park on theoutskirts of the Temple City.

Lower attrition and operational costs, besides abundant availability of skilled manpower are sure tomake this Tier II city equally attractive to the IT/ITES industries, argued Tamil Nadu governmentofficials. They are banking on the 1 percent attrition rate in Honeywell Technology in Madurai as an"Honey" to lure IT majors.

R Dinesh, Co-Chairman of Speed ( CII's initiative for promoting southern districts) said a conferencewill be held from December 1 to 3 in Madurai to highlight the investment and business opportunities inIT & ITES sectors, automobile, textiles and food processing besides logistics services.

Gopal Srinivasan, chairman, Connect 2006 said the southern districts have all the strengths to attractIT and ITES units and contribute significantly to the expected generation of two million jobs in fiveyears by ICT sector in the state.

As part of the roadshow, state owned, Elcot is joining hands with the Confederation of Indian Industry(CII) and STPI to host 'Connect Madurai' 2006, in Madurai on December 1.

"Our Tier II cities are in no way inferior to Chennai. In fact, they have several advantages in terms of lower attrition and operational costs," Dr C Chandramouli, IT Secretary, Tamil Nadu government saidhere on Tuesday.

"In fact, the talent pool is spread across the State and people from such Tier II cities like Thirunelveliprefer to stay close to their hometown and won't leave in a hurry," he added.

Mr Chandramouli said the government has issued No Objection Certificates (NOCs) to over 150private builders, including over 40 in Chennai, to promote almost 49 million sq ft of IT space across thestate.

"A number of large IT companies have shown keen interest to spread to Tier II cities like Madurai andwe will see lot of action over the next 3-6 months," he said. "The government, on its part, is planning topromote integrated IT parks, where at least 20 percent of the area is set aside to meet housingrequirements," he added.

"We have identified 257 acres, opposite to Madurai Kamaraj University, at Vadapalanji village, just four kms away from Madurai city limits to promote a software park. In addition, we have also identified 50acres at Illandhaikulam for another IT Park," Mr C Umashankar, managing director, state-owned Elcotsaid. While 200 acres have already been acquired, about 36 acres will be set aside for "IT housing," headded.

He said, the government will promote a one million sq ft IT Park, on the lines of Tidel Park in Chennai,"In fact, each one of the five Tier II cities will have a one million sq ft IT Park promoted by the state-

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owned agencies," Mr Umashankar said. "We want to expand and get big companies to go there tomake them vibrant towns," he added.

"While the IT Park at Coimbatore will be promoted by Tidel Park, for other cities, private players will beidentified to promote the parks through private-public partnerships," Mr Chandramouli said.

Credit: The Economic Times, India

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People: Chandramouli, C

Publication title: Knight Ridder Tribune Business News. Washington: Nov 15,2006. pg. 1

Source type: Wire Feed

ProQuestdocument ID:

1164210131

Text Word Count 556

Document URL: http://proquest.umi.com/pqdweb?

did=1164210131&sid=4&Fmt=3&clientId=97393&RQT=309&VName=PQD

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