Aiming to put Tamil Nadu on the global aerospace map, the government is going full throttle to set up an aerospace park to manufacture and assemble aircraft with state owned Tamil Nadu Industrial Development Corporation currently in the process of identifying land.

Official sources said TIDCO is scouting for land for an MRO (Maintenance, Repair, Operations) facility near Chennai airport and has requested SIPCOT (State Industries Promotion Corporation of Tamil Nadu) to allot 100 acres in suburban Sriperumbudur.

This is mainly for setting up of aircraft-component manufacturing Park.

Larsen and Toubro-Ramboll has been appointed consultant to carry out the feasibility study and marketing assistance.

The project is being set up on 3,000 acres in Perambalur Special Economic Zone where an integrated aerospace park would come up with the focus on manufacturing and assembling aircraft, the recently tabled policy note in the assembly said.

“Creating an Aerospace park which can support manufacturing and assembling of an aircraft is the ultimate objective of this programme”, it said.

On setting up of the first Financial City, media and entertainment park near Chennai, Industries Minister S P Velumani said 187 acres has been identified at Sholinganallur and Perumbakkam villages near the ‘IT Corridor’ “Price Waterhouse Coopers (PwC) has been appointed as consultants for preparing a comprehensive development plan.

Tenders for selection of a developer or a Joint Venture partner to develop the first phase of Financial City on 25 acres would also be floated”, the policy note said.

The Government has also allotted 7,900 acre for SIPCOT for allotment to industries.

“...land acquisition is in progress. Accordingly 1,179 acres (in Tuticorin), Cheyyar(Vallam-Vadagal) 1,780 acres, expansion of Oragadam 616 acres, Madurai Industrial park 1,478 acres and a new industrial park at Villupuram district at 720 acres” have been sanctioned, it said.

SIPCOT would thus be able to allot them to industries whenever required.

SIPCOT has also allotted 100 acres to set up separate country-specific industrial clusters for investors from Japan, Korea, Finland, Germany and France to attract more foreign investments.

“Under this proposal, acquisition of land in Sriperumbudur is in progress”, it said.

Tamil Nadu ranked fifth economy wise and has 26,122 factories and the value of industrial output was Rs three lakh crore in 2008-09, it added.