Tamil Nadu govt allots land to 14 companies for Aerospace park

Chennai :
Setting the ball rolling for its ambitious Aerospace park to come up in Sriperumbudur, Tamil Nadu government has allocated land for 14 companies besides setting up an Advanced Computing and Design Engineering Centre at an outlay of Rs 350 crore.

Tamil Nadu Industries Development Corporation (TIDCO) has proposed to set up an Aerospace Park in a move to help the industry grow in the state on a 600-acre land at the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) Industrial Park, Sriperumbudur.

“Land has been allocated for 14 companies while seven more firms have approached TIDCO seeking land,” an official release said on Saturday.

In order to attract aeroparts component manufacturing companies, TIDCO is setting up an Advanced Computing and Design Engineering Centre at an investment of Rs 350 crore, it said. Similarly, Tidal Park Ltd would also set up a multi-storeyed building in the park on a 12-acre land.

The construction work is expected to begin by June-July. Referring to the recently conducted Aero India exhibition in Bengaluru, the release said, 11 companies from Tamil Nadu participated and senior government officials including Industries Department Principal Secretary, Vikram Kapur met the company officials representing various companies during the event.

Source: http://www.newsnation.in/