Sunday, February 26, 2017

Tamil Nadu allots land for 14 firms to make aeroparts

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 today. 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.
26/02/17 PTI/The Hindu
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