The Tamil Nadu Government's financial city is likely to come up at Sholinganallur in Chennai.
Tamil Nadu Industrial Development Corporation (TIDCO), the nodal agency for the proposed project had identified about 180 acre site in Sholinganallur-Perumbakkam village for the development of the city.
TIDCO has already prepared a concept paper on the financial city and has roped in KPMG Advisory Services to fine tune the concept in consultation with the stakeholders.
The prime focus of the project is to attract core financial activities like banking, insurance, re-insurance, risk management, actuarial services, and wealth management services. The city could also house IT product and solution vendor teams specifically catering to the needs of financial institutions and business along with training centres, staff training colleges, relevant educational institutions in world class infrastructure.
The project is likely to be implemented in phased manner based on the recommendations of the feasibility study.
Source: projectstoday.com
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