The Tamil Nadu Industrial Development Corporation (TIDCO) is set to allot parcels of land to various companies to establish their manufacturing units at the Aerospace and Defence (A&D) Park in Varapatti, Sulur taluk, Coimbatore district. TIDCO has already acquired 364.20 acres of land for the park, with 260 acres being allotted to companies under a 99-year lease. TIDCO plans to create "plug-and-play" office space at the park to accommodate startups, making it the first of its kind in Tamil Nadu. Additionally, TIDCO intends to acquire 197 acres of land adjacent to the Sulur Air Force Station to set up another A&D park for maintenance, repair, and overhaul (MRO) activities, further boosting the region's industrial and employment prospects.
The Tamil Nadu Industrial Development Corporation (TIDCO) plans to allot parcels of land to various companies starting next month. The objective is to enable these companies to set up their manufacturing units at the Aerospace and Defence (A&D) Park in Varapatti, Sulur taluk, Coimbatore district.
TIDCO plans to create "plug-and-play" office space at Varapatti to accommodate various startups, making it the first Aerospace and Defence Park in Tamil Nadu.
TIDCO has already acquired 364.20 acres of land in the village for this park. The allottable area is 260 acres, while the remaining land will be used for developing common facilities.
According to B Krishnamoorthi, the project director at TIDCO, the organization has obtained the necessary environmental clearance from the central government to establish the park. Many major players have approached TIDCO for land allocation, and the lands will be allotted to the companies under a 99-year lease period starting next month.
The Coimbatore district administration had acquired the 364.20 acres for the project, and TIDCO paid INR 108.76 crore for the land acquisition. District Collector Kranthi Kumar Pati confirmed that the land acquisition process has been completed, and the administration has handed over the land to TIDCO for further development.
Additionally, TIDCO intends to acquire 197 acres of land adjacent to the Indian Air Force (IAF) Station at Sulur Air Base to set up another A&D Park. This land will be acquired from three villages in Coimbatore district and one village in Tirupur district.
Krishnamoorthi stated that the second aerospace and defence park would play a crucial role in the maintenance, repair, and overhaul (MRO) activities near the Sulur Air Force Station. Several companies, including BHEL and various aviation industries, have expressed interest in setting up their units at this park.
These industrial developments are expected to generate more employment opportunities in Coimbatore district, and the rural parts of the district are also anticipated to experience rapid growth. These strategic investments in the A&D sector will have a lasting impact on the local economy, positioning Coimbatore as a key player in the state's industrial landscape.
Advertisement
Facebook
Whatsapp
