Coimbatore, Sep 13 (UNI) The Tidel Park, a joint venture between the Electronics Corporation of Tamil Nadu (ELCOT) and the Tamil Nadu Industrial Development Corporation (TIDCO), will start functioning in 20 months on the Avinashi Road here, ELCOT Managing Director C Umashankar today said.

Speaking to newsmen here, Mr Umashankar said ELCOT had already taken possession of 29 acre of land for establishing the special economic zone (SEZ) where the Tidel Park will come up.

The foundation stone will be laid in two months and the work on the park is expected to be completed in 18 months at a cost of Rs 250 crore.

It will have a built up space of 1.2 million sq ft. IT Majors TCS and Wirpo had already been allocated five and ten acre of additional land respectively.

To a question, he said small and medium enterprises would occupy space in the Tidel Park while Wipro and TCS would construct their own infrastructure facilities.

The SEZ will provide employment to 25,000 people. While ELCOT would contribute land, TIDCO's contribution would be in the form of expertise and investments.

ELCOT will acquire an another 27 acre due to demand from IT and ITeS companies.

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