Mony K. Mathew
Kozhikode, Jan. 31
The Cyberpark project in Kozhikode, which forms the centrepiece of the State Government's initiative to establish a cluster of IT parks in the Malabar area, is expected to take off by the middle of 2011.
The land acquisition process for setting up the Cyberpark, the hub of the proposed cluster, is at an advanced stage. The 43 acres of land required for the project is being acquired through a fast-track mechanism and a major portion of it is to be brought in through negotiated purchase. The Land Acquisition Act of the Government will be applied in the case of the remaining land.
Mr Binu A. Pazhoor, Chief Executive Officer of Cyberpark, told Business Line that the park would apply for Special Economic Zone (SEZ) status after the land acquisition process was completed sometime in March this year.
The spokes of the Cyberpark are coming up in Kannur and Kasaragod. The park in Kannur, for which 27 acres of land has already been acquired, has received SEZ approval and construction work there is scheduled to be taken up this year itself.
For the Kasaragod Park, the Plantation Corporation of Kerala is transferring 100 acres of land in its possession to the IT Department. The park will also seek SEZ approval after the transfer of land is completed.
The State Government will spend around Rs 43 crore towards land acquisition for the Cyberpark in Kozhikode and another Rs 250 crore over the next four years for providing necessary infrastructure and construction of buildings. Besides, the spoke-parks in Kannur and Kasaragod are estimated to cost Rs 150 crore each, spread over a five-year period.
The Cyberpark will feature ‘warm shells', which are completely built-up space and ready for plug-and-play operations.