Sunday, July 19, 2009

IT Park to begin soon : Says Minister K.N.Nehru

Source :

Transport Minister K.N.Nehru addressed the public that IT Park work at Navalpattu will begin soon and 8 big firms will start their business soon leading to a potential job opportunity for 1 lakh people. No specific timeframe was provided.

Wednesday, July 8, 2009

Eductional institutions embrace BHEL

The following article talks about BHEL's direct campus recruitment from Indian Institutes of Technology, National Institutes of Technology and the Anna University, Chennai. At a time of recession, it is impressive that BHEL can extend this level of growth and provide employment opportunities. The addition of approximately 6500 resources makes a direct contribution to the local economy and the lifestyle as well.

While some Tiruchians could see the glass half empty on IT park delay, Airport expansion delay etc, others could see the glass half full through the value added by BHEL, expanding University and a slower but promising expansion to the Airport as well. The Hindu article provides the details on the institution recruitment topic.

Sunday, July 5, 2009

Tiruchi airport to be partially privatised

The Civil Aviation Ministry is planning to partially privatise non-metro airports, according to Civil Aviation Minister Praful Patel who visited Chennai on July 5,2009.
Under this arrangement, Airports Authority of India (AAI) officials said other than the terminal buildings, the operational area and the runway, areas including car parking, courier and cargo facilities would be handed over to private companies under Private-Public Partnership arrangements. The AAI would lease the land to the private operator and the operator would pay the AAI a licence fee.
Source - The Hindu

The above is a good news for Trichy since private firms are purely profit oriented and would have committed expectations from Govt. Though this is a very early start for what is to come, the background of the private party taking this opportunity would be a good indicator for the underlying potential of the Trichy airport developments.