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All About Madurai's Government Projects , IT Parks and Companies, Industries etc.,
 #9061  by maduraiguy
 March 27th, 2013, 10:13 am

News about Vadapazhanji IT Park discussion in question hour in TN Legislative assembly yesterday.

1.Out of 245 Acres 179 Acres already allotted for many IT Firms.
2.60 Acres to be occupied by HCL.
3.50 Acres to Satyam Software.
4.Nearly 60,000 will be employed directly & Indirectly.

Recently, reduction in rents for Ilandhaikulam IT park by ELCOT was wise decision, which grabs some IT firms like Honeywell & Chella software.

Altogether, some good sign for Madurai IT industries & IT Guys. :thumbup:
 #9063  by Sundar
 March 27th, 2013, 10:49 am
ilikemadurai wrote:Has the building at vadapalanji it park constructed and complete?
I doubt on this :?:
 #9067  by madurai_thalapathy
 March 27th, 2013, 12:55 pm
^^ ^^

As per the earlier news, we heard like HCL and Satyam went off from madurai vadaplanji IT SEZ.but the above news(IT minister) says it is being allocated to HCL and satyam.
Which one is true?
Are they really going to start or not? :? :? :? :?
 #9074  by madurakarenda
 March 27th, 2013, 5:29 pm
Satyam and HCL planned to return the allotted lands long back.

Why is the IT Minister giving wrong facts?

Btw, not sure of the status of the ROB in Vadapalanji IT SEZ.
 #9076  by Sundar
 March 27th, 2013, 5:55 pm
madurakarenda wrote:Satyam and HCL planned to return the allotted lands long back.

Why is the IT Minister giving wrong facts?

Btw, not sure of the status of the ROB in Vadapalanji IT SEZ.
After become IT minister, he started studying the document about TN IT SEZ history and happenings. On the halfway of reading that document (before the page which has return back information), he is asked to come to assembly to put Jaldra for their AMMA. Athu yeppadi avaroda thappagum? Pavam pa. :?
 #9588  by jencybala
 June 26th, 2013, 6:08 pm
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 #10240  by Madurai Gilli
 September 23rd, 2013, 9:07 am
காட்சிப்பொருளாய் நிற்கும் 16 கோடி...

செயல்படுமா ? செயல்படாதா என்று ஆயிரம் கேள்விகளோடு காத்திருக்கும் மக்கள்.


 #10282  by AwardCity
 October 4th, 2013, 11:09 am
The Information Technology (IT) Park at Ilandaikulam in Madurai city, which was developed by Electronic Corporation of Tamil Nadu Limited (ELCOT), was inaugurated way back in February 2011. After almost two-and-half years of its inauguration, the building is yet to be occupied by IT companies. Though several efforts were taken by the ELCOT officials, they haven't yielded any result yet.

Various IT companies in the city were demanding the ELCOT officials to reduce the rental price. However, they didn't turn up even after the rent was decreased citing the economic slowdown and unhealthy industry condition as reasons. Officials from ELCOT said that so far only two IT companies had applied to occupy the constructed area, which got approved subsequently. Moreover, around 6,000 sq ft of the total constructed area, which is 40,000 sq ft, has only been occupied till now. As far as open area is concerned, only nine acres have been acquired by the companies of the total available open area which is 28.91 acres. Had all the available spaces were occupied by the companies from the time it was launched, the department would have earned at least Rs2.5 crore by now, officials estimated. The officials also said that the facilities in the two-storey buildings, including uninterrupted power supply, lift, ample space for two-wheeler and four-wheeler parking and broad band connections, have also not attracted the IT companies.

There are around 100 small and medium-sized IT companies in Madurai, of which around 60 companies have joined as a group called Software Industries Development Association of South Tamil Nadu (SIDA).

Talking about the scenario, V K Sampath Kumar, the business development manager of the IT Park in Madurai, said, "Software companies had been requesting ELCOT to reduce the rental amount. Subsequently, the rental amount was reduced from Rs23 to Rs15 per sq ft after several rounds of talks. However, the companies have not been showing any interest in occupying the place so far. The entire constructed area, including the furnished places, is in ready to occupy condition."

Talking about their problems, the members of SIDA said that the industry is not robust yet. They are still reeling under the financial crunch. Although there are around 100 start-up and mid-sized companies in Madurai, only a handful of companies have been earning good profit. Others are still suffering and cannot cope up with the present economic situation. They have just proposed to work as a consortium. When the economic situation eases, they may occupy, they opined. ... 480195.cms
 #10743  by M.Mohamed Rafi
 December 23rd, 2013, 11:09 am
It is the fault of the ELCOT and the TN Government for the non-functional IT park project at Elandaikulam, Madurai. Initially, the clients IT companies and their occupancy requirement should have been verified and a binding agreement should have been signed. The rent should also had to be reasonable, if not cheap, which would have lured them.Secondly, the whole industrial sector and IT in particular , is passing through a difficult phase, for the past three years, so most of them have withheld expansion. This belated move to construct IT parks at Madurai, was itself a half hearted ,ill-conceived move which would have been done much earlier. Considering the huge amount of Rs 16 crores , spent by the Govt in this venture , it must be utilized effectively to the benefit of all. Rules regarding 100% export orientation , of IT products for occupant it firms and also similar restrictive clauses may be relaxed, to bring in the IT companies. Young entrepreneurs of Madurai too should explore the possibility of shifting here and succeed. will the Government take some concrete action in this direction?
 #10794  by ananth
 December 30th, 2013, 2:19 pm
It would be difficult to first sign agreement and then go for construction. Normally it doesn't work that way. That works only for Mega projects like car manufacturing or tyre manufacturing companies etc., In this type of business, You create infra which should include proper buildings, roads, 24hr power supply etc etc and look for people to take the space.

What TN govt did is correct. But then what went wrong? State govt didn't offer enough incentives and kept eh rent at high level which caused failure of IT park not only at Madurai but also at other places. If TN govt reduces the rent and promises 24 hr uninterrupted power supply then definitely there would be takers. Will TN govt do? This is a dollar question.
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