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.
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