India

Tamil Nadu Launches TNICC to Spearhead Large‑Scale Infrastructure and Revenue Projects

By PTI

The Tamil Nadu government has created the Tamil Nadu Infrastructure and Construction Corporation (TNICC) as a wholly‑owned state public sector undertaking to accelerate rapid urbanisation and large‑scale public development. The new entity will execute state government infrastructure projects worth more than ₹200 crore and generate revenue by utilising unused government land and by participating in competitive private‑sector tenders, a government order issued on Monday states. The initiative follows an announcement by the Minister for Public Works and Sports Development on the Assembly floor. TNICC is intended to be an agile, self‑sustaining mechanism with professional expertise and operational flexibility. Operating as a Project Management Consultant, it will centralise project management, implement modern technologies, and provide high‑quality architectural designs and quality control services. Its mandate includes developing modern townships, industrial hubs, technology parks, IT cities, and business parks, as well as optimising under‑utilised government land to create sustainable state revenue. The corporation is also authorised to bid on competitive tenders from national and international private entities. The government order specifies an authorised share capital of ₹15 lakh and an initial paid‑up capital of ₹10 lakh. All major works will be awarded through open competitive bidding on the e‑procurement portal in compliance with the Tamil Nadu Transparency in Tenders Act, 1998. Each project will have independent funding and a designated agency fee from the user departments. By bridging the gap between public infrastructure delivery and commercial competitiveness, TNICC aims to reshape the state’s urban landscape and accelerate decision‑making to meet long‑term economic and infrastructural goals.