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.
It would initially attract companies involved in banking and insurance accounting operations, Deputy Chief Minister M K Stalin said on Saturday.
Speaking to reporters after reviewing works on the identified land, he said, the Financial City would be equipped with “...world-class infrastructure” and would also have property management firms, 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.
It has further appointed KPMG as the consultant, an official press release issued here said.
The release added that a core advisory team has been appointed to prepare the blueprint for the project.