Chennai, The Tamil Nadu government has established TNICC, as a wholly-owned state PSU to give a significant push to rapid urbanisation and large-scale public development.
The initiative stems from a recent announcement made on the floor of the Assembly by the Minister for Public Works and Sports Development. Its operational scope encompasses developing modern townships, industrial hubs, technology parks, IT cities, and business parks, alongside optimising underutilised government land parcels to create sustainable state revenue. The newly formed corporate body aims to execute major state government infrastructure projects valued above ₹ 200 crore while driving revenue generation through unused government lands and competitive private-sector tenders, according to a GO issued on Monday. The government order added that the corporation starts with an authorised share capital of ₹ 15 lakh and an initial paid-up capital of ₹ 10 lakh.
