Tamil Nadu government has set the ball rolling of establishing a Tidel Park at Tiruchirapalli at a cost of around ₹600 crore to house nearly 10,000 employees. Once established, the rock town along the Cauvery river will be the third city after Chennai and Coimbatore to get a Tidel Park.
Tidel Park Ltd, a joint venture of Tamil Nadu Industrial Development Corporation and Electronic Corporation of Tamil Nadu, has invited request for proposal (RFP) from consulting firms to establish the park at Panjapur in Tiruchirapalli.
Promising choice
In the backdrop of the new norm of ‘work from home’ shaping up into ‘work from home town’, Tidel Park proposes to create a vibrant IT ecosystem in other bigger cities, especially in South Tamil Nadu and Tiruchirappalli has emerged as a promising choice, the RFP says.
Tiruchirappalli has several central educational Institutions like NIT, IIM, IIIT and 33 engineering colleges located in and around the city. Presently, the youth graduating from these institutions travel to far off places in search of jobs. Hence, on a preliminary assessment, an IT Park in Tiruchirapalli emerged as a viable project, creating value for the youth around the district.
IT ecosystem
A source said that Tamil Nadu has around 10 lakh IT employees. Of this, Chennai has 8 lakhs; Coimbatore around 1.5 lakh; Coimbatore around 30,000; Tiruchi around 10,000 and the balance split among various smaller locations. The IT ecosystem in Tiruchirapalli seems to be improving with over 50 companies located there.
Aditya Narayan Mishra, Managing Director and CEO of CIEL HR, said, with the establishment of Tiruchirapalli Tidel Park, a significant transformation is expected in the IT landscape of the town. This development is poised to attract a growing number of IT companies from tier-I cities, expanding their presence in Tiruchirapalli.
This move holds immense potential for the IT sector, as it offers several advantages. Companies can access a skilled talent pool and resources at a comparatively lower cost compared to tier-I cities, primarily due to the region’s lower cost of living. Moreover, the ripple effect of this expansion is expected to extend beyond the IT sector, creating indirect job opportunities in sectors such as infrastructure and real estate, he said.
Published on September 27, 2023
