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Tamil Nadu to Form SPV for Co-Working Hub Network

2025-08-13

The Tamil Nadu government will set up a Special Purpose Vehicle (SPV) to manage its planned network of co-working spaces under the Chief Minister’s project, ensuring uninterrupted operations regardless of changes in administration. The SPV will operate as a private company with its own CEO, funded directly by the state and vested with executive powers.

The decision was finalised at a meeting involving the Chennai Metropolitan Development Authority (CMDA), the special projects department, and the urban development department. Officials said the Chief Minister stressed that all 30 proposed co-working hubs must function continuously without being hindered by bureaucratic changes.

At present, the only operational centre in Kolathur is jointly managed by the CMDA and Greater Chennai Corporation (GCC). “This arrangement is not sustainable long term, as changes in officials can cause coordination and funding issues. The SPV will be structured like Chennai Metro Rail Limited (CMRL), Chennai Unified Metropolitan Transport Authority (CUMTA), and the Smart City Mission,” an official said.

Alongside running the centres, the SPV will also launch a recruitment facilitation programme. CMDA member-secretary G. Prakash said job agencies, including leading firms, will be invited to operate on-site or virtually from the hubs to connect employers with job seekers.

“Agencies will conduct interviews, vet profiles, and promote the centres as credible job placement forums. This system will be rolled out within months of forming the SPV,” he said. A dedicated online portal will carry job listings, recruitment camp details, and related information, while professionals using the hubs can voluntarily share their profiles for inclusion in the recruitment network.

The Kolathur centre currently sees about 100 daily visitors, with numbers expected to rise sharply once the remaining 29 hubs open. The placement service will be free, with the SPV acting as a bridge between companies, startups, and candidates.

The government believes the SPV will provide financial stability, efficient management, and consistent service delivery, while turning the co-working spaces into hubs for employment generation and skill development across Chennai.