Financial Daily from THE HINDU group of publications
Wednesday, Nov 16, 2005
Financial Daily from THE HINDU group of publications Wednesday, Nov 16, 2005 |
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Info-Tech
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Outlook Technopark exports to touch Rs 600 cr this year Mony K. Mathew
Thiruvananthapuram , Nov. 15 AFTER years of lethargic growth, aggregate exports from Technopark here, promoted by the State Government, is set to touch Rs 600 crore in the current year. This represents double the exports of Rs 300 crore achieved last year. The steep increase in exports is in tune with the horde of new entrants, including some big names in the information technology field in the country, that have set up shop in Technopark recently, said Mr M. Vasudevan, Senior Manager, Business Development. Launched in 1996, Technopark covers an area of 242 acres with 21 lakh sq. ft built-up space. It is now home to 86 companies employing 10,000 professionals directly and another 30,000 people indirectly. The State Government has so far invested Rs 107.30 crore in the park, while investment by the companies is around Rs 600 crore. The recently opened new building, `Thejaswini', has also been fully booked, Mr Vasudevan told Business Line. The companies that have booked space in the new building include US Technologies, the UK-based Digitella, Stock Holding Corporation of India and Allianz Cornhill. In the second phase of expansion, the Government has acquired 86 acres of land where Infosys has picked up 50 acres and US Technologies the remaining 36 acres for setting up their campuses. The Government has sought and obtained in-principle approval from the Centre for designating the area as a special economic zone. For the third phase of expansion, 100 acres is being acquired where the buildings will be constructed through private investment. Leela Group and Rahejas are among those that have come forward to invest in this phase. The Government has also drawn up an ambitious plan of establishing a `Technocity', spread over 500 acres of land, in the near future. The acquisition of land for the purpose has been included in the `fast track' projects programme of the Government. According to Mr P.H. Kurien, IT Secretary, one of the major concerns of the Government is the availability of land even as the demand for space is picking up. Another problem is the lack of convenient flight schedules from Thiruvananthapuram as compared to other major IT centres such as Bangalore, Hyderabad, Mumbai and Chennai. He feels that another 9,000 jobs will be created in the Technopark in the next couple of years.
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