Kerala Govt to acquire 507 acres for Technocity

Kerala Govt to acquire 507 acres for Technocity

By SiliconIndia   |   Tuesday, 18 March 2008, 13:33 Hrs
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Kochi: The Chief Minister of Kerala, V.S. Achuthanandan said the State Government has decided to acquire 507 acres of land near the Technopark in Thiruvananthapuram to set up a new IT park called Technocity. Preliminary steps have also been taken to set up IT parks in Kozhikode, Alappuzha and Palakkad.

The Minister said the Government has also decided to form an IT infrastructure development company in the State. He was inaugurating 'Tejomaya', phase I of the L&T Tech Park project at Kochi.

He also launched phase II of the project, Signature Tower. With a total built up area of 1.1 million square feet envisaged in the two phases of the project, the L&T Tech Park expects to provide world-class space for IT companies. IT majors like TCS, IBS and Arbitron have already booked space in Tejomaya.

The first phase consists of 10 floors of built-up area with a cafeteria, health club, gymnasium, business center and ATMs spread across 7.5 acres of land. It is expected to accommodate 3,500 employees.

Chief Minister thinks that the setting up of this and similar IT projects would enable the State to considerably increase the employment potential in the IT sector.

The Government plans to take the IT initiative forward by acquiring land, setting up IT parks where the private sector would establish the critical infrastructure, thereby attracting global companies to the State.

The envisaged IT infrastructure development company would also coordinate with the State and various departments to ensure speedy clearances for electricity, water supply and road connectivity to accelerate the pace of IT infusion in the State.

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