Trichy Corporation has finalised 8.9 acres of land in Panjapur to hand over to Tidel park limited, a state-owned joint venture of Tamil Nadu Industrial Development Corporation (TIDCO) and Electronic Corporation of Tamil Nadu (ELCOT) for constructing an office space for IT and ITES companies in Trichy city.
The elected council of the urban local body has passed a resolution to assess the value of the land before handing it over to Tidel Park.
Officials said that the management of Tidel park limited sent a letter to the Trichy Corporation on April 28, 2023, seeking 10 acres of land at Panjapur on Trichy Madurai NH.
The state industries department has also allocated Rs 600 crores in the budget 2023-24 for the project in Trichy. After multiple site inspections, the urban local body informed that 8.9 acres of the corporation’s land in Panjapur revenue village is viable for the proposal.
“The council has passed a resolution approving the land transfer and to estimate the land value of the property to complete the land transfer,” an official source said. The site inspection in Panjapur was conducted in March 2023, the site for Tidel Park was chosen based on its proximity to the upcoming integrated bus terminus.