Infopark Koratty Phase II starts off with Indeevaram on January 21


Thrissur: Indeevaram, the first building of Phase II at Infopark Koratty near here, will be inaugurated by Chief Minister, Shri Oommen Chandy on January 21, 2016. Keys will be handed over to anchor clients – Almotahida Education, Uvionics Tech, Yoptimizo IT solutions, Braddock Infotech and ICT Academy of Kerala at the function.

The Indeevaram (meaning blue lotus) building in phase II promises to attract larger companies to Infopark Koratty, now being branded as Infopark Thrissur. The single block building in six acres has a total built up area of 3.3 lakh sq. ft. and will also have space for Start-ups and SMEs on the ground and first floor, while giving way to the bigger companies on the upper floors.

The first phase of Infopark being developed as a non-SEZ, focused mainly on domestic business enterprises. With the second phase being notified under Special Economic Zone (SEZ), it is expected to give boost to the export oriented business. The attractiveness of Infopark Thrissur is evident from the fact that many of the Phase I start-ups looking to expand have sought space in the new building itself, instead of looking to move away. Also Infopark Thrissur gives at least a 20 – 30 % cost benefit to companies over the main hub in Kochi.

The building has been completed at a cost of Rs. 76 crores in three years, taking the total investment in infrastructure, and facilities in both phases of Infopark Koratty to a total of around Rs. 100 crores. The building has parking facility for over 500 cars.

In a press release, Hrishikesh Nair, CEO, Infopark said, “Infopark Thrissur has all the potential to be developed into a major IT hub. Infoparks Kerala has a growth of around 30 – 32% year on year, and majority of this export turnover is from the Infopark Kochi campus. With the current focus on Infopark Thrissur, it is expected to grow at par with Infopark Kochi in the coming years.”

“The Indeevaram is expected to provide 3,000 direct job opportunities. This is just the first step and with the facilities and space available here, we expect it to touch 10,000 job opportunities as it develops further”, he added.

Kerala IT News