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Kerala decentralising IT growth

Tuesday, 23 October 2007, 00:00 Hrs
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Thiruvananthapuram: Kerala was decentralising the IT growth, bringing fruits of the technology revolution to small towns, Chief Minister V.S. Achuthanandan said here Monday.

"Today IT development takes place at Kochi and here and in the coming days we have decided that every major town in Kerala will get a share of IT development and it would be spread all across," he said while inaugurating the new building of IBS Software Services at its own campus in Technopark.

He said that Kerala was now being seen as an ideal investment destination.

"The response I got from top CEOs when I met them in Bangalore early this month was enthusiastic. Kerala is poised for a spectacular growth in the IT sector," said Achuthanandan.

Oommen Chandy, who as the then chief minister had handed over the land to IBS, asked Achuthanandan to act with speed in responding to the needs of the IT sector.

"The need of the hour is a speedy implementation of all that the IT sector needs. Today the world is moving at a very fast pace and a small delay could prove costly," said Chandy.

The new facility is the first of the four blocks in the IBS campus, spread over 5.26 acres of land and it would have a built-up area of 450,000 square feet when completed.

The entire project is expected to be ready by 2009 and by then IBS would have invested 1.25 billion.

IBS is a leading global provider of new-generation IT solutions to the travel, transportation and logistics industry and is targeting to grow into a 10 billion company by 2010.

It currently operates out of three buildings within Technopark and two buildings at Infopark, Kochi.

IBS also has two development centres in London and Washington DC in addition to its global business centres at Atlanta, Phoenix, London, Dubai, Hong Kong, Tokyo, Melbourne and Sydney.
Source: IANS
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