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.

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

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..