Honeywell gets 4.5 acres of land on Madurai - Madurai software company

Honeywell Tech gets 4.5 acres land in Madurai IT SEZ Park

CHENNAI: Bangalore based IT company, Honeywell Technology Solutions, has been allotted 4.5 acres of land in the upcoming IT-SEZ Park at Illandhikulam village near Madurai on lease by state-owned Electronic Corporation of Tamil Nadu (ELCOT).

The 99 year lease deed was signed today between Honeywell Technology Solutions Lab and ELCOT, an official release said.

Honeywell is slated to commence their construction activities after obtaining the necessary approvals, it said.

ELCOT is developing the IT-SEZ Park in an area of 28.91 acre at an investment of close to Rs 32 crore. Besides, ELCOT has constructed an IT building in the IT SEZ at an estimated cost of Rs 16 crore.

The park would provide 10,000 direct employment and 20,000 indirect employment in the next five year period attracting investments to the tune of Rs 400 crore, the release added. - PTI