The Tamil Nadu government has allotted land to 14 companies to set up an aeroparts manufacturing unit in Sriperumbudur.
Tamil Nadu Industrial Development Corporation (TIDCO) has proposed to develop an Aerospace Park on 600 acre of land at the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) Industrial Park, Sriperumbudur. Seven more firms have approached the corporation seeking land.
TIDCO has also set up an Advanced Computing and Design Engineering Centre at an outlay of Rs 350 crore.
Tidal Park will construct a multi-storeyed building on 12 acre of land in the park. Construction work on the project is expected to commence by June-July 2017.