CHENNAI: Tata Realty and Infrastructure Ltd (TRIL) Monday announced an agreement with Tamil Nadu Industrial Development Corporation (TIDCO) to jointly develop an IT special economic zone (SEZ) at a cost of Rs 30 billion (nearly $750 million) here.

Located on a 25-acre plot in Taramani, the SEZ will include a five-star hotel or service apartments, an international convention centre and help generate direct employment for 40,000 people and indirect employment to another 15,000.

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Posted by boyang at April 28, 2008 10:42 PM