Tamil Nadu to Form SPV for Co-Working Hub Network

13 Aug 2025 CW Team

The decision was finalised at a meeting involving the Chennai Metropolitan Development Authority (CMDA), the special projects department, and the urban development department. Officials said the Chief Minister stressed that all 30 proposed co-working hubs must function continuously without being hindered by bureaucratic changes.

At present, the only operational centre in Kolathur is jointly managed by the CMDA and Greater Chennai Corporation (GCC). “This arrangement is not sustainable long term, as changes in officials can cause coordination and funding issues. The SPV will be structured like Chennai Metro Rail Limited (CMRL), Chennai Unified Metropolitan Transport Authority (CUMTA), and the Smart City Mission,” an official said.

Alongside running the centres, the SPV will also launch a recruitment facilitation programme. CMDA member-secretary G. Prakash said job agencies, including leading firms, will be invited to operate on-site or virtually from the hubs to connect employers with job seekers.

“Agencies will conduct interviews, vet profiles, and promote the centres as credible job placement forums. This system will be rolled out within months of forming the SPV,” he said. A dedicated online portal will carry job listings, recruitment camp details, and related information, while professionals using the hubs can voluntarily share their profiles for inclusion in the recruitment network.

The Kolathur centre currently sees about 100 daily visitors, with numbers expected to rise sharply once the remaining 29 hubs open. The placement service will be free, with the SPV acting as a bridge between companies, startups, and candidates.

The government believes the SPV will provide financial stability, efficient management, and consistent service delivery, while turning the co-working spaces into hubs for employment generation and skill development across Chennai.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Tamil Nadu government will set up a Special Purpose Vehicle (SPV) to manage its planned network of co-working spaces under the Chief Minister’s project, ensuring uninterrupted operations regardless of changes in administration. The SPV will operate as a private company with its own CEO, funded directly by the state and vested with executive powers.The decision was finalised at a meeting involving the Chennai Metropolitan Development Authority (CMDA), the special projects department, and the urban development department. Officials said the Chief Minister stressed that all 30 proposed co-working hubs must function continuously without being hindered by bureaucratic changes.At present, the only operational centre in Kolathur is jointly managed by the CMDA and Greater Chennai Corporation (GCC). “This arrangement is not sustainable long term, as changes in officials can cause coordination and funding issues. The SPV will be structured like Chennai Metro Rail Limited (CMRL), Chennai Unified Metropolitan Transport Authority (CUMTA), and the Smart City Mission,” an official said.Alongside running the centres, the SPV will also launch a recruitment facilitation programme. CMDA member-secretary G. Prakash said job agencies, including leading firms, will be invited to operate on-site or virtually from the hubs to connect employers with job seekers.“Agencies will conduct interviews, vet profiles, and promote the centres as credible job placement forums. This system will be rolled out within months of forming the SPV,” he said. A dedicated online portal will carry job listings, recruitment camp details, and related information, while professionals using the hubs can voluntarily share their profiles for inclusion in the recruitment network.The Kolathur centre currently sees about 100 daily visitors, with numbers expected to rise sharply once the remaining 29 hubs open. The placement service will be free, with the SPV acting as a bridge between companies, startups, and candidates.The government believes the SPV will provide financial stability, efficient management, and consistent service delivery, while turning the co-working spaces into hubs for employment generation and skill development across Chennai.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..