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Tamil Nadu announces IT park in Coimbatore
Tuesday, 04 November 2003, 20:30 IST
CHENNAI: The Tamil Nadu government Monday announced plans to set up a software technology park in the textile town of Coimbatore, on the lines of the billion dollar TIDEL Park in the state capital here.
The announcement was made by IT Minister D. Jayakumar on the first day of the monsoon session of the state assembly.
Unusually, it came during question hour amidst protest from opposition benches, which said such important pronouncements should not be made like this.
Coimbatore, about 600 km from here, is Tamil Nadu's richest and second largest city.
The IT park in Coimbatore would come up on a 12.5 acre plot, land for which has already been handed over to the Electronics Corporation of Tamil Nadu.
It is expected to earn $13 million by 2008, when it would become fully operational, the minister told the house.
From just about 
1.6 billion in 1996-97, the software sector here has grown to a 90 billion industry, he claimed.
With an export turnover of 75 billion, Tamil Nadu is the second largest software exporting states. Karnataka is the largest exporter of software with a turnover of 141 billion.
The TIDEL Park in Chennai is an IT city inaugurated amidst much fanfare by Prime Minister Atal Bihari Vajpayee in 2000, when the DMK government was in power in Tamil Nadu.
It provides 18,600 sq. ft of space to nearly 800 IT companies in the heart of the bustling city.
Besides announcing the software park for Coimbatore, Jayakumar promised that similar IT parks would also be set up in Salem, Tirunelveli and Madurai.
Accusing the former DMK government of neglecting the development of IT industry, he said the projected growth rate for the state's IT sector was 20 percent in the present financial year.
The industry had been showing steady progress from 2001-02 when the AIADMK came to power, the minister said amidst loud protests from the opposition.
Source: IANS
1.6 billion in 1996-97, the software sector here has grown to a 90 billion industry, he claimed.
With an export turnover of 75 billion, Tamil Nadu is the second largest software exporting states. Karnataka is the largest exporter of software with a turnover of 141 billion.
The TIDEL Park in Chennai is an IT city inaugurated amidst much fanfare by Prime Minister Atal Bihari Vajpayee in 2000, when the DMK government was in power in Tamil Nadu.
It provides 18,600 sq. ft of space to nearly 800 IT companies in the heart of the bustling city.
Besides announcing the software park for Coimbatore, Jayakumar promised that similar IT parks would also be set up in Salem, Tirunelveli and Madurai.
Accusing the former DMK government of neglecting the development of IT industry, he said the projected growth rate for the state's IT sector was 20 percent in the present financial year.
The industry had been showing steady progress from 2001-02 when the AIADMK came to power, the minister said amidst loud protests from the opposition.
Source: IANS