The Tamil Nadu Government has established the Tamil Nadu Infrastructure and Construction Corporation (TNICC) as a wholly owned State Public Sector Undertaking (PSU).
TNCC will execute State Government construction projects worth more than ₹200 crore.
It will develop unused government land to generate revenue and establish townships, industrial hubs, tech parks, IT cities and business parks.
It will provide architectural design and quality-control services.
Modelled broadly on NBCC (India) Limited, it will operate under a commercial Project Management Consultant (PMC) model.
Projects will be allotted through open competitive bidding on the State e-procurement portal.
TNCC has an authorised share capital of ₹15 lakh and an initial paid-up capital of ₹10 lakh.