Deputy Chief Minister M.K. Stalin inaugurated 9-km arterial road in SIPCOT IT park at Siruseri in Chennai today. Industries Secretary M.F. Farooqui  and N. Govindan, Chairman and Managing Director, SIPCOT also graced the occasion with their presence.

Work on the creation of infrastructure at the SIPCOT (State Industries Promotion Corporation of Tamil Nadu) Information Technology Park in Siruseri is progressing at a brisk pace.

In 1998, the SIPCOT had established the park in Siruseri on the Rajiv Gandhi Road on 782 acres of land, said Deputy Chief Minister M.K. Stalin, speaking at the inauguration. So far, 490 acres of land had been allotted to 70 units, he said. Twenty units had formed their facilities with an investment of Rs. 10,000 crore and had begun their operations. About 30,000 persons had been provided direct employment in these units, and about 70,000 persons got indirect employment, he said. Construction work on 34 units was going on, he said.

The economic downturn had a lesser impact on India compared to the rest of the world, and on Tamil Nadu it did not have too much impact. The industrial progress was on track, he said. In the IT Park, five industrial houses, including Tata Consultancy Services, Xansa and Cognizant, had formed special economic zones and created facilities with an investment of Rs. 7,000 crore, he said. Tata Consultancy Services had created the biggest IT Park in Asia with an investment of Rs. 2,000 crore, he added. [Courtesy: The Hindu]