Business IdeasFinancial city to initially attract banking, insurance
The Tamil Nadu government"s proposed Financial City, aimed at wooing private financial players, is expected to come up on 180-acres at suburban Sholinganallur and Perumbakkam and would initially attract companies involved in banking and insurance accounting operations, Deputy Chief Minister M K Stalin said today.
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Speaking to reporters after reviewing works on the identified land, he said the Financial City would be equipped with "world-class infrastructure" and also have Property Management companies, besides others.
The government would implement the project in different phases, based on the feasibility report, he said.
The Tamil Nadu Industrial Development Corporation (TIDCO) has been appointed the coordinating agency,which has appointed KPMG as the consultant, an official press release said, adding that a Core Advisory Team has been appointed to prepare the blueprint for the project.
Stalin, who holds the Industries portfolio, had announced setting up the Financial City in the state Assembly in July this year, saying that it aimed at wooing banks, insurance companies, mutual fund companies and stock brokers.