Madurai to get the Rs 600-cr TIDEL park; 10,000 new jobs likely – The New Indian Express

By Express press service

MADURAI: Chief Minister MK Stalin said on Friday that a TIDEL park would be set up at a cost of 600 crores to make Madurai a technology hub. The IT park, which would create 10,000 jobs, would be built on five acres near Mattuthavani in the first phase, and expanded by another five acres in the second phase, the CM said.

The announcement was made during the Southern Zone MSME Conference “FaMe TN” organized by the Department of Micro, Small and Medium Enterprises (MSMEs) in Madurai. The park would be constructed by TIDEL and the Municipal Corporation of Madurai through a Special Purpose Vehicle (SPV).

“Two decades ago, CM M Karunanidhi opened TIDEL Park in Chennai, bringing massive growth to the IT sector in the state. Taking the development to Tier 2 and Tier 3 cities, TIDEL then opened an IT park in Coimbatore. We are exploring options to open neo-TIDEL parks in seven districts,” Stalin said.

The CM said his government would help MSMEs as they are essential for the development of the state. “Tamil Nadu has moved up from 14th to 3rd and will soon reach number 1 in the Doing Business Index. The state also performed well in the Startup India Rankings. Through industrial growth, the state will achieve the goal of saving $1 trillion by the end of 2030,” the CM said.

Minister of MSMEs TM Anbarasan spoke about the programs launched by the state government for the growth of the sector. The credit limit of Rs 1,391 crore set for MSMEs by banks under the Tamil Nadu Trade Receivables Discounting System (TN TReDS) would soon be raised to ‘5,000 crore, the minister said. The CM also inaugurated the “School Innovation Development Scheme” which aims to develop the professional skills of students in grades 9 to 12 and promote their entrepreneurial skills.

Stalin distributes rewards to three banks, 8 businessmen

A joint initiative of Entrepreneurship Development and Innovation Institute-Tamil Nadu (EDII-TN), Department of Education and UNICEF, the program aims to provide special skills-based training to 1.56 lakh students through 3,120 teachers. Innovative ideas from 40 groups of students would be selected and they would be awarded Rs 25,000 to Rs 1 lakh under the scheme.

An online service to register memorandum of deposit of title deeds and equitable mortgage has also been launched to benefit 6.5 lakh people. Special loan programs for MSME development and CARE (COVID Assistance and Relief to Entrepreneurs) programs were inaugurated and the Indo-American Chamber of Commerce and FaMe TN signed a memorandum of understanding for the development of MSMEs for l ‘Industry 4.0.

The CM distributed awards to three banks that had offered special loans for the development of MSMEs and to the eight best entrepreneurs in the state. Orders for three micro-clusters – a doll cluster in Vilacheri, a water hyacinth cluster in Thoothukudi and a women’s loom cluster in Thalavaipuram – to be set up at a total cost of Rs 9.05 crore were also issued.

Ministers Palanivel Thiaga Rajan, P Moorthy, Anbil Mahesh Poyyamozhi and officials from the MSME department were present.

MADURAI: Chief Minister MK Stalin said on Friday that a TIDEL park would be set up at a cost of 600 crores to make Madurai a technology hub. The IT park, which would create 10,000 jobs, would be built on five acres near Mattuthavani in the first phase, and expanded by another five acres in the second phase, the CM said. The announcement was made during the Southern Zone MSME Conference “FaMe TN” organized by the Department of Micro, Small and Medium Enterprises (MSMEs) in Madurai. The park would be constructed by TIDEL and the Municipal Corporation of Madurai through a Special Purpose Vehicle (SPV). “Two decades ago, CM M Karunanidhi opened TIDEL Park in Chennai, bringing massive growth to the IT sector in the state. Taking the development to Tier 2 and Tier 3 cities, TIDEL then opened an IT park in Coimbatore. We are exploring options to open neo-TIDEL parks in seven districts,” Stalin said. The CM said his government would help MSMEs as they are essential for the development of the state. “Tamil Nadu has moved up from 14th to 3rd and will soon reach number 1 in the Doing Business Index. The state also performed well in the Startup India Rankings. Through industrial growth, the state will achieve the goal of saving $1 trillion by the end of 2030,” the CM said. Minister of MSMEs TM Anbarasan spoke about the programs launched by the state government for the growth of the sector. The credit limit of Rs 1,391 crore set for MSMEs by banks under the Tamil Nadu Trade Receivables Discounting System (TN TReDS) would soon be raised to ‘5,000 crore, the minister said. The CM also inaugurated the “School Innovation Development Scheme” which aims to develop the professional skills of students in grades 9 to 12 and promote their entrepreneurial skills. Stalin distributes awards to three banks, 8 bizmen A joint initiative of the Entrepreneurship Development and Innovation Institute-Tamil Nadu (EDII-TN), Department of Education and UNICEF, the program aims to provide special training competency-based to 1.56 lakh students across 3,120 teachers. Innovative ideas from 40 groups of students would be selected and they would be awarded Rs 25,000 to Rs 1 lakh under the scheme. An online service to register memorandum of deposit of title deeds and equitable mortgage has also been launched to benefit 6.5 lakh people. Special loan programs for MSME development and CARE (COVID Assistance and Relief to Entrepreneurs) programs were inaugurated and the Indo-American Chamber of Commerce and FaMe TN signed a memorandum of understanding for the development of MSMEs for l ‘Industry 4.0. The CM distributed awards to three banks that had offered special loans for the development of MSMEs and to the eight best entrepreneurs in the state. Orders for three micro-clusters – a doll cluster in Vilacheri, a water hyacinth cluster in Thoothukudi and a women’s loom cluster in Thalavaipuram – to be set up at a total cost of Rs 9.05 crore were also issued. Ministers Palanivel Thiaga Rajan, P Moorthy, Anbil Mahesh Poyyamozhi and officials from the MSME department were present.

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