Tidel Park to be opened next month

The Tidel Park here is expected to be inaugurated next month.

According to an official of the park here, about 90 per cent of the construction work is over. Of the total built up area of 17 lakh sq.ft, the park has nine lakh sq.ft. Information Technology (IT) space. It would also have six lakh sq.ft area with a capacity to park about 1,200 cars and one lakh sq.ft of utility area.

The Tidel Park is located on a 56-acre SEZ. Apart from the Tidel, the park would have three IT companies setting up facilities at the SEZ. The SEZ also has 12 acres earmarked for social infrastructure.

IT and IT enabled services (ITES) companies can occupy minimum 5,000 sq.ft. at the park and the space is available at Rs. 30 per sq.ft. At least 35 companies are expected to set shop at the park.

Enquiries so far are encouraging, says the official. And, some companies have already booked space. Most of these are core IT and ITES companies.

The total project cost of the park, coming up at the Special Economic Zone at Peelamedu here, is estimated to be Rs. 380 crore. More than Rs. 250 crore has been invested so far.