Tata Realty Announces Massive IT SEZ Project in Tamil Nadu
Tata Realty and Infrastructure Ltd has entered into a strategic agreement with the Government of Tamil Nadu to develop a cutting-edge Special Economic Zone (SEZ) dedicated to the Information Technology (IT) sector.
Project Highlights:
- Investment: Over ₹30 billion rupees
- Key Components:
- Convention Centre
- Luxury Hotel (in partnership with Indian Hotels Co Ltd, a Tata group company)
- Serviced Apartments
- Project Timeline:
- First Phase Completion: By end of 2009
- Entire Project Completion: By 2011
- Total Built-Up Area: Approximately 4 million square feet
The SEZ Advantage
The proposed IT SEZ is designed to leverage the benefits of a tax-free industrial enclave, aiming to significantly boost industrial and export growth in the region. This project is poised to cement Tamil Nadu's position as a hub for IT and related services.