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Tata Undertakes development of IT SEZ in Chennai

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As per to the source saying @ the www.propertykhazana.com Tata Realty and Infrastructure Ltd (TRIL), the subsidiary of the Tata Group publicized the compliance signed between the TRIL and Tamil Nadu Industrial Development Corporation (TIDCO), a government of Tamil Nadu undertaking company to carry out the development of IT SEZ at Taramani, with investment pour of Rs. 30 Billion. The JV agreement was signed by TIDCO chairman and MD Mr. S. Ramasundaram and Krishnakumar under the supervision of Tamilnadu Chief Minister Sri. M. Karunanidhi.
The 25 acres plot proposed for IT SEZ will comprise either a 5 star hotel or service flats along with international convention centre. The proposed SEZ will generate employment for nearly 55,000 aspirants, added the source.
Speaking to the www.propertykhazana.com Tata Realty and Infrastructure Ltd chairman and Director of Tata Sons Pvt Ltd Mr. RK Krishna Kumar said that the proposed IT SEZ will be one and the best of its kind in South India. He also added that the SEZ venture will be executed in 2 phases with 2.30 million Sq.Ft and 1.70 million Sq.Ft respectively and the 2 phases will be completed by the end of 2011.
Source: NBTVLIVE

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