Honeywell Technology allotted land in Madurai SEZ
Chennai, Dec 24 (IANS) The Electronics Corporation of Tamil Nadu Ltd (Elcot) Friday said it has allotted 4.5 acre land to Honeywell Technology Solutions Lab in the Elcot Madurai-Ilandhaikulam Special Economic Zone (SEZ) for information technology (IT) and IT Enabled Services (ITES) sector.
Elcot has developed the SEZ over 28.91 acres and has invested around Rs.32 crore.
According to Elcot, the Bangalore-based Honeywell Technology Solutions is expected to start construction as soon as the necessary approvals are obtained for the construction of the building.
Honeywell Technology Solutions provides technology, product and business solutions to the clients of its US-based $37 billion Honeywell International.
Honeywell Technology Solutions has around 6,000 employees, including 2,500 aerospace engineers, with centres in Madurai, Hyderabad, Brno in the Czech Republic and Shanghai and Beijing, China.
According to Elcot, the IT/ITES SEZ is expected to attract an investment of around Rs.400 crore and provide direct employment to around 10,000 people.