Hon'ble Chief Minister announced in State Legislative Assembly under Rule 110 that "BharatNet" scheme will be implemented in Tamil Nadu through State led model and a Special Purpose Vehicle (SPV) namely Tamil Nadu FibreNet Corporation (TANFINET) will be incorporated for the same. The GoTN has issued a Government Order for the formation of SPV viz., Tamil Nadu Fibrenet Corporation (TANFINET) with a Share Capital of Rs.50 lakhs to execute the BharatNet Project under which 12,525 Village Panchayats are planned to provide 1Gbps connectivity through Optical fiber network.