5 days ago
Tidel Neo Park to open in Tiruppur this month
India's renowned knitwear hub, Tiruppur, is set to welcome its first Tidel Neo Park this month.
The park, located at Rakkiya Palayam village in Avinashi Taluk, spans 1.77 acre with a total built up area of 65,379 with a potential to generate employment for 650 persons. This project entails investments to the tune of ₹39.44 crore.
'The first TIDEL park in Tamil Nadu transformed the IT landscape of the State. The same kind of transformation is now happening in smaller towns through Tidel Neo – they are providing jobs for people in their hometowns,' Sandeep Nanduri, Managing Director of Tamil Nadu Industrial Development Corporation Limited (TIDCO), said.
Noting that the Tidel Neo has been a game-changer, Mr. Nanduri said: 'We are ensuring regional development through these investments. Smaller firms are able to get access to high quality office space. So, the demand for such places is high. Tidel Neo has been a success in terms of occupancy also,' he added.
Tamil Nadu's first Neo Tidel Park was opened in February 2024 at Tiruchitrambalam village, Vanur Taluk, Villupuram. Three firms have picked space here and around 200 jobs have been generated. It is learnt that this space will see 100% occupancy in the next three months.
After Villupuram, the Tamil Nadu government opened similar parks at Thanjavur, Salem and Thoothukudi. The occupancy level at Thanjavur stands at 100%. Four companies are operating here, and 800 jobs have been provided. Similarly, Salem and Thoothukudi have witnessed 100% occupancy. Five companies are operating at Salem and the employment numbers here stands at 700, while Thoothukudi has accommodated two companies and the employment generated so far is 620.
