The state CM in Tamil Nadu has laid the foundation stones for eight projects with a combined investment of ₹2,368 crore. Key projects include the construction of an International Tech Park Chennai (ITPC) promoted by the CapitaLand group involving an investment of ₹1,500 crore. The firm will commence construction for the first phase of the 23.3-acre IT park. ITPC, Radial Road, has 4.6 million sq.ft of development potential for premium Grade A office space. The company has invested in IT parks, industrial townships, warehousing and lodging in the city. With both operational CapitaLand IT parks in Chennai – ITPC at Taramani and CyberVale – fully occupied, the ITPC at Radial Road will offer more options for IT and IT-enabled services companies to expand their businesses in the city. Another key venture is from TATA Chemicals which has proposed to establish a project for manufacturing Silica in SIPCOT Industrial Park Cuddalore at an investment of ₹350 crore. Foundation stone was laid for Nissei Electric, Japan, which will manufacture electric and electronic components entailing investments of ₹105 crore. The CM laid the foundation stones for Usui Susira, Japan (₹100 crore); Dinex (₹100 crore); Steel Shoppe for manufacturing steel parts for the automobile industry (₹150 crore); MRC Mills textile project in Sipcot Industrial Park, Cuddalore (₹47 crore) and Sri Raajarajeshwari Life Care (₹16 crore).
