TIDEL Park project at Panjapur gains momentum
The TIDEL Park project at Panjapur is making significant progress and is expected to be completed by 2026. Developed by Tamil Nadu Industrial Development Corporation and Electronics Corporation of Tamil Nadu, the project will cover 14.16 acres and is estimated to cost ₹462.50 crore. Once operational, it aims to accommodate around 10,000 employees and attract various IT-related firms and startups.
- ▪Construction is progressing well along the Tiruchi–Madurai Highway.
- ▪The project is expected to be completed by 2026 at a cost of ₹462.50 crore.
- ▪The facility will feature a built-up area of about 5.5 lakh square feet and world-class infrastructure.
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Construction of the upcoming TIDEL Park at Panjapur along the Tiruchi–Madurai Highway is progressing well, with authorities expecting the project to be completed by 2026.The IT park is being developed jointly by Tamil Nadu Industrial Development Corporation and Electronics Corporation of Tamil Nadu at an estimated cost of ₹462.50 crore on 14.16 acres of land adjacent to the Integrated Bus Terminus at Panjapur.Tiruchi Corporation had leased the land for 45 years instead of selling it outright and secured a 25.6% stake in the venture. Under the agreement, profits will be shared in the ratio of 74.40:25.60, ensuring a recurring annual revenue stream for the civic body.Work on the project commenced in February 2025 with an 18-month completion deadline.
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