M. Soundariya Preetha
COIMBATORE: The Tidel Park coming up at Peelamedu here will be operational by next March, according to Minister for Information Technology Poongothai Aladi Aruna.
The park was coming up on 10 acres at the 56-acre special economic zone. The total project cost of the park was about Rs. 380 crore and it would have a total built-up area of 1.8 million sq ft. Of this, nearly nine lakh sq ft would be the IT area. Chief Minister M. Karunanidhi laid the foundation for the park in February 2007. It would cater to the needs of especially small and medium-scale IT and ITES companies.
She told The Hindu here on Tuesday the economy was expected to revive in six to nine months. By the time the economy improved, the IT infrastructure would be ready in the tier two cities in the State. Several companies were evincing interest in the IT parks coming up in other tier two cities such as Tiruchirapalli, Salem and Tirunelveli. Software exports from the State were above the National average. Coimbatore’s annual software exports had grown from about Rs. 50 crore to Rs. 300 crore now. “After Chennai, Coimbatore is doing well.” Companies and organisations had expressed willingness for occupation of space at the Tidel Park coming up here too. The Minister said that a number of high-end Information Technology Enabled Services (ITES) activities were happening.