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ELCOT leases 4.5 acres to Honeywell

Special Correspondent


At IT/ITES SEZ Park near

Madurai


Chennai: The Electronic Corporation of Tamil Nadu (ELCOT) has allotted 4.5 acres to Honeywell Technology Solutions Lab Pvt Ltd, Bengaluru, on a 99-year lease for its IT/ITES business at its IT/ITES Special Export Zone (SEZ) Park near Madurai. A deed in this regard was signed on Thursday by Honeywell Technology Solutions with ELCOT.

According to a press release, ELCOT developed the SEZ park spread over 28.91 acres at an investment of Rs.32 crore at Ilandhakulam village.

For the infrastructure facilities, it spent Rs.7.5 crore. It has also constructed an IT building of 50,000 sq.ft. at Rs.16 crore.

Honeywell Technology Solutions is Honeywell's global technology and R&D centre with headquarters in Bengaluru.

It has 6,000 employees, including 2,500 aerospace engineers, with centres in Madurai, Hyderabad, Brno in the Czech Republic and Shanghai and Beijing in China.

The company works on next-generation product lines and technologies including avionics, navigation air safety products, security solutions, building management systems, process control systems, and advanced and infrastructure management services for Indian and global initiatives.

The release said that the SEZ Park would provide direct employment for 10,000 persons and indirect employment for 20,000 in the next five years. Rs.400 crore investment was expected in the park.

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