Infopark Kochi gets fresh investments under PPP model

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Kochi: The development of Infopark, Kochi – Phase II got a major fillip with Infopark attracting fresh IT investments under Public-Private Partnership (PPP) model. City based infrastructure developer, Padiyath Innovation has signed a deal with Infopark to invest Rs. 320 crores for the construction of one million sq. ft. of IT infrastructure in multiple phases.

The Padiyath Innovation is a joint venture between Harry & More Consulting Private Limited and its sister concern, Sunrise Institute of Medical Sciences. The new facility will provide direct employment to 7,000 IT professionals and to nearly 3,000 people in facility management and other support services.

A Memorandum of Understanding (MoU) for the same was signed between Infopark Chief Executive Officer (CEO), Hrishikesh Nair and Padiyath Innovation World Chairman, Harish Rahman Padiyath in the presence of Industries & IT Minister, Shri P K Kunhalikutty.

“This financial year, Kerala is emerging as the best IT investment destination in the country. Infopark has been at the forefront in attracting IT investment to the state and there will be a few more deals ready to be inked this year,” Hrishikesh said in a press release.

The world-class, environment friendly infrastructure facility will come up on nearly 4.11 acres of land and it will be certified under the LEED 2011 Shell and Core Certification. It will have a state-of-the-art solid waste management and water recycling facility. The centrally air conditioned building, with the latest system in fire fighting and 24×7 generator facility, will have food courts, health club, gym and medical clinic. It will also have a parking facility for 1,000 cars and a five- star rated lobby.

Kerala IT News

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