Technopark on expansion mode, to add 2.5 million sq. ft. by 2016

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Trivandrum: Riding on its phenomenal growth, Technopark Trivandrum has charted out an ambitious target of creating 45,000 new jobs during 2014-16 as part of its efforts to emerge as India’s IT powerhouse.

Technopark, which is poised to celebrate its Silver Jubilee next year, currently provides direct employment to about 45,000 IT/ITeS professionals through its 330 IT companies, most of which are SMEs.

With the completion of the current construction activities this year of TCS, Infosys, UST Global, Tata Elxsi, IBS and Technopark’s Phase III building, around 45,000 additional direct jobs are expected be created in Thiruvananthapuram.

In a statement, K G Girish Babu, CEO, Technopark said the capacity built during the last 24 years would be doubled during the next two years in terms of employment through companies located in the IT park.

Clocking an impressive growth during the FY 2013-14, Technopark’s export turnover could be around Rs. 5,000 crores as compared to Rs. 3,500 crores in 2012-13. It also added 1.1 million sq ft of built-up space during the period.

Under Phase I and II of Technopark, construction of buildings on a total area of 2.5 million sq ft is progressing, which will be completed within a year. The companies building their own campuses are Infosys, TCS, UST Global, Tata Elxsi and IBS. Technopark Phase II is an 86-acre Special Economic Zone (SEZ) campus being jointly developed by Infosys and UST Global. The SEZ being developed in Technopark Phase I by TCS will have a total of 1.12 million sq ft. The first building will be ready by August this year.

“With the commissioning of the Twin Towers – Ganga and Yamuna – a capacity of 8,500 seats has been created in Phase III. This iconic twin tower, the most modern green building built by the State government, will also be filled by 2015. A total of 40 companies have been allotted space in the new Twin Tower. Another 18 companies are to commence their operations shortly,” Girish added.

With a yearly rental income of Rs. 49 crores, the annual turnover of Technopark has been pegged at around Rs. 100 crores, including incomes from power, water and maintenance services, helping it to continue its profitable operation since 2001.

Kerala IT News

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