Coimbatore Tidel Park, for which Chief Minister M. Karunanidhi laid the foundation in February 2007 and inaugurated on August 2 this year, is expected to take about a couple of months to become operational.
An official of the park told The Hindu on Tuesday that it had nine lakh sq ft IT space and would generate 10,000 IT jobs and about 2,000 indirect jobs when fully operational. The rate for occupancy of space at the park was revised to Rs. 25 a sq ft from Rs. 30 a sq ft and a company should occupy minimum 5,000 sq ft.
The official said talks were on with a couple of large-scale companies and also with smaller IT and IT- Enabled Services companies. Efforts were also on to bring in companies focusing on research and development and those in the incubation stage.
The IT industry was yet to revive completely from the impact of the economic slowdown and this could be one of the reasons for the IT companies to be reluctant to expand. With the State Government having developed world-class infrastructure here, IT companies in other cities were looking at Coimbatore as on option now for expansion, the official added. The Rs. 380-crore park was spread over 10 acres of a 56-acre special economic zone here.