Chennai Trade Centre to be expanded at Rs 289 crore

The Chennai Trade Centre would be expanded by adding 17,000 square metres of exhibition space at a cost of Rs 289 crore over two years, Tamil Nadu Industries Minister M C Sampath said today.

Permission had been given to the Tamil Nadu Trade Promotion Organisation (TNTPO) for utilising additional 9.13 acre of land for the expansion, he told the state assembly.

TNTPO has prepared a detailed project report for the expansion of Trade Centre and the expansion model was also approved by the board.

"This expansion project will be developed at an estimated project cost of Rs 289 crore. This will develop additional exhibition space of 15,700 square metres in CTC", he said.

The project was expected to be completed in two years.

The trade centre was set up by the India Trade Promotion Organisation and Tamil Nadu Industrial Development Corporation as a joint venture in 2001.

Spread over 25.48 acres, it presently has three large exhibition halls and a convention centre.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)