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Hardware Hitech park in Tirunelveli

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CIOL Bureau
New Update

A hitech park to manufacture computer hardware

is likely to be set up in Nandeneri, 8 km from Tirunelveli, Tamil Nadu.

The Tamil Nadu Industrial Development Corporation (Tidco) along with two

American companies is planning to invest about $ 150 million in the park.

Tidco will hold 11 percent of the equity base of the new venture. Infact

India Limited, an Indian subsidiary of a US company, and Access

Technologies are the two other US companies that will hold the remaining

89 percent of the equity in the venture.

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"The park will have be similar to that of the Tidel park in terms

of space and infrastructure. While Tidel's facilities support software

companies, the Hitech Park in Nandeneri supports hardware manufacturing.

The financial closure for the project is expected within the next six to

seven months," said Tidco CMD R. Gopalan.

Some of the facilities arranged by Tidco for the park's operations are

infrastructure, drainage, water, clean rooms. The hi-tech park promoters

will also ensure a pollution free atmosphere in a 10-km surrounding area.

High end hardware such as silicon wafers, semiconductors, components for

hard disks drives, etc, are some of the items intended to be manufactured

in the park.

Transport facilities to the proposed park site are likely to be beefed

up by the upgradation of nearby Tuticorin airport to international

standards by the Airports Authority. The city also has a port while the

train line is being upgraded to broad gauge. The national highway, which

passes through Tirunelveli, is soon to be upgraded to a four-lane highway.

Once companies, either MNCs or domestic, set up manufacturing bases here,

hardware assembling units will soon come up in neighboring cities like

Trichy, Madurai, Coimbatore and Chennai. Accordingly the government has

also reduced the sales tax for these hardware products. However, the

excise duty for these products still remains a hurdle for the industry. By

manufacturing these products in the country, the market is expected to

boom upto 200 percent while the prices of these products are expected to

decline by half.

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