CM Stalin inaugurates Elcot IT Tower in Coimbatore

Chief Minister M.K. Stalin inaugurates Elcot IT Tower in Coimbatore, generating jobs for 3,500 youth and boosting IT sector.

Chief Minister M.K. Stalin on Tuesday inaugurated an Elcot IT Tower at Vilankurichi in Coimbatore. The 2.94-lakh square foot facility, built at a cost of ₹158.32 crore, will generate employment for about 3,500 youth.

Mr. Stalin handed over allocation letters to IT companies that will occupy space at the Tower.

Minister for Information Technology and Digital Services Palanivel Thiaga Rajan said the development of the Tower, which was announced in 2020, was delayed because of the irregularities in the previous AIADMK government. The DMK government took the steps required to open the facility. The entire IT space at the facility had already got occupants, he said.

Elcot has additional land at the Special Economic Zone at Vilankurichi. If the Chief Minister approves, it will construct buildings there to meet the demand for IT office space in Coimbatore, he said.

Elcot Managing Director R. Kannan told mediapersons that space had been allocated to seven companies now, and a small section of the Tower would be earmarked as a co-working space.

The 61.59-acre Special Economic Zone at Vilankurichi has a Tidel Park and the newly inaugurated Elcot IT Tower.

There are 17.17 acres of additional vacant land, and Elcot plans to build two more IT towers at a sum of ₹2,000 crore, which includes land acquisition cost. The additional IT space will generate jobs for about 35,000 people, the Minister said.