The proposed Financial City near Chennai, a brain child of State deputy CM, M K Stalin, is expected to come in 180 acres of land at suburban Sholinganallur and Perumbakkam.

The Government aims to attract investors, especially from insurance, finance and banking sector for levering growth to the city after successful automobile, IT and healthcare sectors, which managed to bag whooping investments during the last few years.

Deputy Chief Minister M K Stalin on Saturday checked the progress of the project and informed that the government will make every effort to complete the project at stipulated time. Stalin was accompanied by district collector, Santhosh K Mishra, Industries secretary, M F Farooqui and Tidco Chairperson and MD, Anita Praveen and Kanchipuram.

The project was announced in the last Budget session by the Chief Minister and later Tidco was appointed as a nodal agency. The agency has been directed to prepare a feasibility report based on which the implementation of project would be decided.

A government statement said, "The government will consider and decide on the selection of the site for the development of the financial city".