RR Ind launches 3rd IT park project

RR Industries, a leading real estate developer in Chennai, on Tuesday inaugurated its 3rd IT park project "� RR Tower 3. The 140,000-sq ft IT park located in the Guindy Industrial estate, is built at a cost of Rs 35 crore. The IT park was inaugurated by Nasscom president Kiran Karnik.

After appreciating the world-class infrastructure of RR Tower 3 and the quick time that it had taken to be put up, Karnik said, "If we can put up buildings so fast , why can't we put up roads just as fast? Tamil Nadu is still better. Due credit must be given to Tamil Nadu. It is moving faster than other places."

Highlighting the milestones of the Indian IT industry in 2004-05, Karnik said that revenues from both the software and hardware industries had accounted for over Rs 100,000 crore and that the IT industry provides direct employment to a million individuals.

During his presidential address, Vivek Harinarain, IT secretary, Tamil Nadu government, took a cue from what Karnik said and remarked that in the next four to five years Tamil Nadu itself may generate a million jobs through direct employment.

"Jobs will be created in Chennai and Tier-II cities like Coimbatore, Madurai, Tiruchi and Hosur. Indirectly, it (job creation) might be double of that," added Harinarain.

He highlighted the creation of IT infrastructure in Tamil Nadu stating that there was about 9 million sq ft of space being created in Chennai and its suburbs and among those already built not a single one was vacant. "Demand is greater than supply for world-class infrastructure," Harinarain pointed out.

Harinarain also inaugurated RR Industries' new IT infrastructure project launch "� RR Tower 4 "� which is being proposed to be constructed at a cost of Rs 60 crore within next year.

RR Industries launched their first project "� RR Tower 1 "� in 1997 to offer readymade leased office space to IT companies.