| RR Industries is to set up a Rs.4,500 crore IT township in Madurai in Tamil Nadu. This was announced by the company at a press conference on Wednesday.
According to R.Ravi, Managing Director of the company, the township would consist of 7 million square feet of IT park space, 25,000 service apartments, four shopping malls, two multiplexes, two hospitals and two hotels. This would be created over four to seven years. A part of the township would be an SEZ.
RR Industries has bought 400 acres of land required for this project at a cost of Rs.90 crores.
According to Mr Ravi, “The Township will create an annual GDP of over Rs 3,500 crore or $ 770 million once the project is completed. It will also employ about 10,000 construction workers for the years when the township is being constructed.”
Chennai- based RR Industries has provided leased infrastructure facilities to software companies since 1997. As reported by INR news earlier, the company is also working on a project to develop 2.2 million sq ft of space in Ambattur, in North Chennai. |
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