The Tamil Nadu Industrial Development Corporation Ltd. (TIDCO) has invited Expression of Interest (EOI) for allotment of plots at the proposed industrial park at Karani village in Gummidipoondi taluk of Tiruvallur district.
TIDCO intends to allot plots on long-term lease to industrial units in engineering and service sectors. While the focus of this park is on strategic electronics, drones, urban air mobility and so on, TIDCO is keen to support land needs of other hi-tech industries as well. The land shall be transferred on lease for 99 years.
Investors in the Karani Strategic Electronics and Drones Park will be eligible for incentives under the Tamil Nadu Aerospace and Defence Industrial Policy 2022, including capital subsidies for developing aerospace and defence industrial parks, capital subsidies for A&D Industries, anchor unit subsidies, skill development subsidies, certification subsidies, electricity tax subsidies, and stamp duty subsidies.
The 250-acre land parcel at Karani is close to the Chennai-Kolkata national highway and around 30 km from the city. This site is in proximity to the proposed test centres for Electro Optics, Electronic Warfare and Unmanned Aerial Systems being established in collaboration with Ministry of Defence and Defence Public Sector Units. The electronics manufacturing hubs in Sriperumbudur have been in the forefront of the growth of the electronics manufacturing resulting in Tamil Nadu.
According to TIDCO, Karani is set to be the next epicentre of this sector. The global strategic electronics sector is on the cusp of significant growth with a projected expansion from ₹13,87,100 crore ($166.7 billion) in 2023 to ₹17,74,100 crore ($213.2 billion) by 2028 with a CAGR of 5.1%.
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