IT infrastructure avenues in Kerala for investments

October 15, 2010 - 3:04:02 am

By John Mary

Thiruvanantha puram: Non-resident Keralites, looking at investment opportunities back home, have new avenues like convention centres, hotels and recreational facilities at the new IT parks in the State.

A two-member Kerala IT team-Technopark CEO Mervin Alexander and Cyberpark CEO Binu A Pazhoor- is showcasing the State’s hi-profile parks at the GITEX Technology Week 2010 in Dubai from October 17to 21.

IT parks in the State, including the just launched Technocity, soon to be inaugurated Kollam Technopark and Infopark Cherthala, Cyberparks at Kozhikode and Kasargod would be main attractions at the Kerala stall at the Dubai International Exhibition and Convention Centre.

Apart from Special Economic Zone (SEZ) and non- SEZ IT work space, some of the Public Private Partnership ventures IT parks have on their roadmap are convention centres where the land is available to the private partner to build and operate on revenue sharing model, budget hotels, hostel accommodation and recreational facilities.

Land can also be made available for training centres, multiplex, shopping centres, medical centres, public schools, working hostel and business incubators. There is also a plan to set up captive alternate energy stations.

Apart from earning carbon credits, this will add to savings in terms of fuel costs for companies.

Infopark Ambalapuzha is undertaking inland water navigation, affording permission to run speed boats. Other avenues are training centres, multiplex, shopping centres, medical centres, public schools, working hostel and business incubators.

The Government is establishing the footprint of IT activities in the State at an initial investment of US$500 million, which is expected to attract additional investments to the tune of US$5 billion over next five to seven years.

Technocity has already generated a lot of interest in India with TCS’s plans to set up its biggest training centre there.

“Developments in Kerala IT in 2009 and early 2010 are indicative of the acceptance of these new destinations by IT companies”, said Mervin Aalexander.

“We also want to use this opportunity to meet prominent Non-Resident Keralites (NRKs) to talk to them about wide range of investments opportunities that the State has prepared from its north to the south”,said Binu Pazhoor.

All this is part of Kerala’s efforts to capitalise on its geographical attributes and transform itself in to a silicon coast through focused initiatives in IT infrastructure development, human resource development and citizen e-enablement.

The State provides a range of attractive economic benefits to the companies operating within framework of Kerala IT -a single window solution for any business planning to set up operations.

All infrastructure and setting-up formalities with the Government and approving authorities are taken care of by the three designated state-of-the-art IT Parks-Technopark, Infopark and Cyberpark.

TCS, ACS, Allianz Cornhill, Sutherland, Cognizant, OPI, IBS and Infosys are some of the biggies that have set operations.

The State recently added an ambitious new location on its IT landscape. – Technocity. Technocity will be developed in 450 acres at Pallippuram, five km north of main campus on NH 47 to Kollam, as an integrated township, encompassing IT/ITES infrastructure, residential apartments, shopping malls, hospitals, hotels, educational institutions, and other support facilities.

Technopark in Thiruvananthapuram was established in1994 and is spread over 300 acres with 4 million sq ft of built-up space. It hosts over 150 IT and ITES companies employing over 20,000 IT professionals.