+
Tamil Nadu CM MK Stalin Lays Foundation for Rs 3.14 Bn TIDEL Park
ECONOMY & POLICY

Tamil Nadu CM MK Stalin Lays Foundation for Rs 3.14 Bn TIDEL Park

Tamil Nadu Chief Minister MK Stalin laid the foundation stone for the Madurai TIDEL Park via video conference on Tuesday, marking a major milestone in the state’s push for IT sector expansion. The demand for a TIDEL Park in Madurai had been a long-standing request from the IT industry, and in response to this, the state government announced its establishment in the Mattuthavani area during a State Assembly session.
A 9.97-acre site, strategically located between the Mattuthavani bus terminus and the paddy trade complex, has been allocated by the Madurai Corporation for the project. The upcoming IT hub will feature a state-of-the-art office space covering approximately 52,000 square feet, comprising a ground floor, 12 additional floors, and a terrace. Environmental clearance has already been secured, and a private company has been awarded the construction contract.
With an estimated investment of Rs 3.14 billion, the TIDEL Park is expected to generate around 6,000 direct and indirect employment opportunities, significantly boosting the region’s IT ecosystem. Designed as a single-block structure extending 72 meters in length, the development will include all essential infrastructure, including a dedicated drinking water supply from the Madurai Corporation.
The inauguration event was attended by key dignitaries, including Minister Palanivel Thiaga Rajan, Madurai District Collector Sangeetha, and Madurai Mayor Indirani. Following the virtual foundation stone-laying ceremony by CM MK Stalin, construction work commenced immediately, with an expected completion timeline of 18 months.
The establishment of the Madurai TIDEL Park aligns with Tamil Nadu’s broader vision of transforming itself into a leading technology hub. The state already boasts some of the country’s most advanced IT corridors in Chennai, Coimbatore, and Trichy, with Madurai now joining the ranks as a key destination for technology-driven investments.
India’s IT and software services industry has been a crucial driver of economic growth, contributing significantly to GDP and employment. With the rise of Tier-2 and Tier-3 cities as emerging IT hubs, the expansion of digital infrastructure is becoming a priority for state governments. Tamil Nadu’s proactive approach in developing IT parks across different regions aims to decentralise technology-driven job opportunities, reducing migration to metros while fostering local economic development.
As Tamil Nadu continues to attract global IT investments, the Madurai TIDEL Park is set to play a pivotal role in positioning the city as a thriving technology and innovation centre, further enhancing the state’s reputation as a premier IT destination.
                                            

Tamil Nadu Chief Minister MK Stalin laid the foundation stone for the Madurai TIDEL Park via video conference on Tuesday, marking a major milestone in the state’s push for IT sector expansion. The demand for a TIDEL Park in Madurai had been a long-standing request from the IT industry, and in response to this, the state government announced its establishment in the Mattuthavani area during a State Assembly session.A 9.97-acre site, strategically located between the Mattuthavani bus terminus and the paddy trade complex, has been allocated by the Madurai Corporation for the project. The upcoming IT hub will feature a state-of-the-art office space covering approximately 52,000 square feet, comprising a ground floor, 12 additional floors, and a terrace. Environmental clearance has already been secured, and a private company has been awarded the construction contract.With an estimated investment of Rs 3.14 billion, the TIDEL Park is expected to generate around 6,000 direct and indirect employment opportunities, significantly boosting the region’s IT ecosystem. Designed as a single-block structure extending 72 meters in length, the development will include all essential infrastructure, including a dedicated drinking water supply from the Madurai Corporation.The inauguration event was attended by key dignitaries, including Minister Palanivel Thiaga Rajan, Madurai District Collector Sangeetha, and Madurai Mayor Indirani. Following the virtual foundation stone-laying ceremony by CM MK Stalin, construction work commenced immediately, with an expected completion timeline of 18 months.The establishment of the Madurai TIDEL Park aligns with Tamil Nadu’s broader vision of transforming itself into a leading technology hub. The state already boasts some of the country’s most advanced IT corridors in Chennai, Coimbatore, and Trichy, with Madurai now joining the ranks as a key destination for technology-driven investments.India’s IT and software services industry has been a crucial driver of economic growth, contributing significantly to GDP and employment. With the rise of Tier-2 and Tier-3 cities as emerging IT hubs, the expansion of digital infrastructure is becoming a priority for state governments. Tamil Nadu’s proactive approach in developing IT parks across different regions aims to decentralise technology-driven job opportunities, reducing migration to metros while fostering local economic development.As Tamil Nadu continues to attract global IT investments, the Madurai TIDEL Park is set to play a pivotal role in positioning the city as a thriving technology and innovation centre, further enhancing the state’s reputation as a premier IT destination.                                            

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?