ICT gets boost as new growth sectors in Kerala Budget 2011-12

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Tvm: In the Kerala Budget 2011-12 presented today, State Finance Minister Dr. Thomas Isaac has identified Information & Communication Technology (ICT) as new growth sectors. The Kerala State IT Mission which is the nodal agency for the e-governance programmes of the State has been provisioned Rs.30 crores.

The Technopark based Indian Institute for Information Technology Management (IIITM-K) which is the main agency for research, studies and experiments in IT sector will get Rs.9 crores. Rs.102 crores is earmarked for additional land acquisition for IT parks. Rs.3 crores is allotted to the Akshaya Project and another Rs.2 crores as special incentive assistance to Akshaya entrepreneurs.

Commenting on the recent accord with Tecom in his budget speech, the Finance Minister said, “SmartCity Kochi has become a reality, safe guarding the interests of the state in toto. SmartCity has turned out to be a fitting reply for those who had been arguing that state should dance to the tunes of investors to attract capital. The SmartCity shall have a built up area of 62 lakh sq. ft. when it is completed. Infopark with 51 lakh sq. ft. will be standing out independently with pride near the SmartCity. The Cherthala and Koratty parks stand as examples of the will of the government to accelerate IT development”.

During the last five years the total extent of area of IT parks has been enhanced from 339 acres to 2,261 acres. The area of the buildings has increased from 18.9 lakh sq. ft. to 76.1 lakh sq. ft. In addition 39 lakh sq. ft. of building construction is under way. When these are completed facilities for providing employment to two lakh people would be available. Several private companies like TCS, Infosys, Wipro have made big investments in the State. This government was able to convert Kerala to an important IT destination.

Anil Philip
Kerala IT News

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