Joint Ventures of TIDCO


TIDEL Park Ltd., a joint venture of TIDCO and ELCOT has constructed the first state-of-the-art Information Technology Park in the State with built up area of 1.3 million sq.ft. and at a cost of Rs.292 crores. It has been in operation since July 2000. TIDEL provides employment opportunities to 12000 IT professionals and 2000 service providers. TIDEL is a profit making venture since its inception and has been declaring 30% dividend to its shareholders consecutively. The development of TIDEL Park has led to the development of the stretch of Rajiv Gandhi Salai (OMR) as IT Corridor consequently leading to development of many IT Parks, social and residential Infrastructure.

Owing to the success of TIDEL Park at Chennai, State Government has constructed an IT Park in Tier-II city, Coimbatore (TIDEL Park Coimbatore Ltd.) for economic development of IT/ITeS industry with built up area of 1.7 million sq.ft. and at a cost of Rs.407 crores. This has been in operation since August 2010. It provides employment opportunities to around 6000 software professionals and supporting staff.

TIDEL has also promoted many associate projects which include TICEL Bio Park-I & II, IT Expressway Ltd., Tamil Nadu Road Development Co. Ltd.


A State-of-the-art “Biotechnology Park” is established by TIDCO at Taramani in 5 acres of land at a cost of Rs. 54.76 crores. This park will focus on Biotech R&D and is built in Technical Collaboration with Cornell University, USA. The park has a built up area of 1.5 lakh sq.ft and is in operation since November, 2004. In order to facilitate Biotech R&D activities, fresh AC, comfort AC, compressed air, vacuumpPotable/RO water, fume hood with scrubber, lab effluent treatment, 100% power back up etc. have been provided. TICEL-I has incubated more than 20 biotech companies and has 100% occupancy.

Based on the success of TICEL Bio Park I, TICEL Bio Park II has been constructed on the same location with 3 Basement + Ground + 12 Floors with built up area of 6.49 lakh sq. ft at a cost of Rs.168 Crores. In Bio Tech Park II, the lab space has been allotted to 9 biotech companies.

TICEL Bio Park – III at Anna University Campus, Coimbatore is being built at project cost of Rs.55 crores (excluding land cost).


Government of Tamil Nadu allotted 25.48 acres of land for developing Chennai Trade Centre at a nominal lease rent. Tamil Nadu Trade Promotion Organization (TNTPO) was set up in 2001 as a Joint Venture Company between India Trade Promotion Organisation (ITPO), Ministry of Commerce and Industry, Government of India and Tamil Nadu Industrial Development Corporation (TIDCO), a Public Sector undertaking of Government of Tamil Nadu. This venture is the most successful case study ITPO and has been a model for other states as well.

Chennai Trade Centre developed by TNTPO, comprises air-conditioned exhibition halls to the extent of 10560 square meters and centralized air- conditioned convention hall to the extent of 4795 square meters with seating capacity of 2000 persons. Chennai Trade Centre has grown to be the most preferred destination in South India to host national and international trade fairs and conferences.

The occupancy rate of the Chennai Trade Centre has tremendously increased from 15% (2001-02) to 73% (2014-15) with respect of Exhibition Halls and from 13% (2004-05) to 87% (2014-15) with respect of Convention Hall and this occupancy rate is considered to be one among the highest occupancy rates in the country.

L&T Shipbuilding Limited

L&T Shipbuilding Limited, a joint venture between Larsen and Toubro Limited (L&T) and Tamil Nadu Industrial Development Corporation (TIDCO) has developed a shipyard/port complex with an investment of INR 4000 Crores ( 670 Million USD). The complex located at Kattupalli, about 35 km north of Chennai city which has a shipyard, port and off shore fabrication facility.

The defense shipbuilding facility got In-house design centres for warships and cubmarines, equipped with latest design tools including Virtual Reality Studio, design and development of platform specific equipment and systems, state of the art yard infrastructure, etc. The shipbuilding facility has capabilities to build commercial vessels to global quality standards. This yard can build vessels of length up to 210 meters and shall be expanded to build vessels up to VLCC size in phases. With the focus on offshore vessels, chemical tankers and other higher technology vessels, L&T shipbuilding’s capabilities cover a wide range of vessels for clients worldwide. LTSB target vessel segment includes offshore supply/utility vessels, platform supply vessels, anchor handling towing standby/supply vessel, diving support vessels, inspection maintenance barges, container ships, chemical tankers, LPG & LNG Ships, pure car carriers and PCTCs, Ro-Ro Freight

A shiplift of 200m x 46m with lifting capacity of 21050 tons (future extension planned for larger vessels) along with transfer system and dry berths enables quick turnaround of ships. There are 04 wet berths of 260 / 200 meters length. With well equipped production shops, L&T Shipbuilding can undertake all kinds of repair jobs including specialized jobs such as main engine overhaul, propeller repairs and hull treatment.

Since commencement of operations, the shipbuilding yard has taken up fabrication of Coast Guard Interceptor Boats and Platform Supply vessels. The first commercial vessel was delivered from this shipyard in June, 2014. Besides, the shipbuilding yard has taken up repair of medium and large ships including war ships. The shipbuilding yard is awaiting release of orders for building submarines and other defense vessels from Indian Navy. The Kattupalli Port is handling containers and also coastal cargoes. This port has a container handling capacity of 1.2 Million TEU.

Ascendas IT Park

Government of Tamil Nadu allotted 15 acres of land at Taramani, Chennai to develop this project. International Tech Park Chennai (ITPC) is a quality development by Ascendas India, the Indian arm of Ascendas Pte Ltd ,Asia’s leading provider of business space solutions, in partnership with Tamil Nadu Industrial Development Corporation (TIDCO). Inaugurated in 2005, ITPC is Ascendas’ first development in Tamil Nadu.

Located along Chennai’s IT Corridor, the 15 acre prime hi-tech IT park is developed in three phases comprising Pinnacle, Crest and Zenith buildings. With over 2 million sq.ft. of premium office space, ITPC offers world-class business infrastructure set amidst lush surroundings to over 50 leading IT and ITeS companies employing more than 20,000 professionals.

ITPC houses a range of businesses in key growth industries, including information technology, R&D, banking and financial services, software development, data analysis, e-publishing and other IT related services. Conveniences like bank, ATM and forex facilities, gift shops, pharmacy and travel agency are thoughtfully set up within the Park, making working life a conducive experience for employees of tenant companies.

The plug-and-play facilities and customized offices ensure business continuity, while its array of amenities like food courts, alfresco and cafes, stylized retails areas and year round events organized for Parkites provide for a wholesome work-life balance.

ITPC has been awarded the prestigious ‘FIABCI Prix d’ Excellence’ Gold award in 2013.


Tanflora is India’s first Agri Export Zone Project for fresh cut roses established as a joint venture of TIDCO. TANFLORA is to be one of the largest production facilities in the World with an annual production capacity of 67 million roses for domestic and foreign markets including Europe, Middle-East, South-East Asia and Australia. Tanflora has established good marketing channels for exporting to various countries.

Tanflora is a project with 50 hectares of greenhouse area, divided into 25 grower units of 2 hectares each allotted to individual growers and Tanflora has 3 hectares of own production area. Thus, Tanflora operates on co-operative farming concept. Tanflora is providing state of the art infrastructure viz., central packing house, cold rooms, roads, storm water drains, and technical support to growers, logistics and marketing. Tanflora acquired worldwide rights over a new red rose variety from a French breeder and named and patented it as ‘Taj Mahal, Symbol of Love’, which is a leading variety in world markets.

Tanflora is supported by Central Government agencies like APEDA (Agricultural and Processed Foods Export Development Authority) and NHB (National Horituculture Board) and also provided assistance under ASIDE scheme.

Tanflora is also providing training to students from Agricultural Universities in State of Tamil Nadu and local farmers.


Ramanujan IT City is a joint venture development by Tamil Nadu Industrial Development Corporation (TIDCO), Tata Realty And Infrastructure Limited and Indian Hotels Company Limited with an overall investment of Rs. 3500 Crores. Ramanujan IT City is a humble tribute to the legendary mathematician Srinivasa Ramanujan. The campus is situated in an extent of around 25.27 acres and strategically located at Taramani, the beginning of Chennai’s IT corridor. Ramanujan IT City is being developed in a phased manner with overall 4.5 million sq. feet of IT/ITeS office space, 100 room luxury serviced apartments and a 1500 seater International Convention Centre.

The campus also has few more value propositions, that include, Certified as per LEED Gold Guidelines, Certified with Quality management systems (ISO 9001 2008), Environment management systems (ISO 14001 2004), Occupational Health and Safety Assessment series (OHSAS18001 2007) as well as Energy management systems (ISO 5000 2011) for its operational efficiency.

Ramanujan IT City is currently operational with 3.40 million sq ft with marquee tenants like Cognizant, Infosys, Mindtree, HP, TCS, Cisco, Wipro, Citibank, Fidelity, Pershing, Scientific Publishing Services etc.

Ramanujan IT City is fast becoming Chennai’s landmark IT destination.

Sept 2015

Global Investors

Chennai Trade Centre, Chennai, Tamil Nadu, India
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