TIDEL Park Limited has announced a tender for constructing an IT park in Mattuthavani, Madurai, featuring a ground floor, twelve additional floors, and a terrace. The project, with a submission deadline of September 7, 2024, will also include civil construction and interior finishing. The Madurai Corporation Council has leased 5.6 acres of land for 45 years to facilitate this INR 600 crore project, expected to create 10,000 jobs. Spearheaded by Chief Minister M. K. Stalin, this initiative aims to transform Madurai into a technology hub, boosting its industrial growth and economic prospects.
TIDEL Park Limited has initiated a tender process for the construction of an IT park at Mattuthavani in Madurai, as announced earlier this week. The project, as detailed in the tender, will involve the construction of a ground floor, twelve additional floors, and a terrace. This ambitious undertaking also includes civil construction, interior finishing, and various related developmental works. Interested parties must submit their tender documents online by 3 PM on September 7, 2024.
This tender marks a significant step forward in the establishment of the TIDEL park in Madurai, a project that has attracted significant attention and support. On June 28, the Madurai Corporation Council passed a crucial resolution to lease 5.6 acres of land to TIDEL Park Limited for a duration of 45 years. This land lease, valued at INR 89 crore, is pivotal to the INR 600 crore TIDEL park project, first announced in the 2022 state budget. The lease agreement requires TIDEL Park Limited to pay 50% of the land value as lease rent over the 45-year period.
Chief Minister M. K. Stalin champions the TIDEL park project as a strategic initiative to transform Madurai into a prominent technology hub. The park will create approximately 10,000 jobs, significantly boosting the local economy. Despite Madurai's status as the cultural capital of Tamil Nadu, the city has historically fallen behind in industrial development. The TIDEL park, often described as a "dream project," is likely to promote further business opportunities in the region, facilitating the way for Madurai's growth to parallel that of other industrial cities.
The project has garnered widespread support and enthusiasm, particularly among local leaders. On Wednesday, Member of Parliament Su Venkatesan expressed his gratitude on X, formerly Twitter, thanking the state government and Chief Minister Stalin for their efforts in establishing the TIDEL park in Madurai. This gratitude highlights the project's significance to the city's future.
In conclusion, the tender released by TIDEL Park Limited is a critical step towards realising the long-awaited IT park in Madurai. The state government and local leaders enthusiastically backed the project, setting it up to become a cornerstone of Madurai's future, driving economic growth and positioning the city as a key hub in the technology and industrial sectors.
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