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Koratty IT park set to begin operations

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Fourteen companies will begin operations this month in at Koratty. The park, coming up in Thrissur district, is the first spoke model IT park.

The companies that have set up shop are , , , , , , Sands Lab, Exar Software Research, Strands Energy Pvt Ltd, Greened Multimedia, Storybox, Igooz Technologies Pvt Ltd, Finelab Webservices Pvt Ltd and Abyss Technologies.

With this, Kochi Infopark has almost completed the allocation of 42,000 sft office space in the first phase of the Koratty IT park, a press release said. Around 500 professionals will be employed in Phase I.

Infopark has already begun the allocation process for Phase II with 10 companies. “Many MNCs are showing interest in Koratty for their future expansion because of the low operational cost, availability of good talent and ease of access through all modes of transport,” said Sidhartha Bhattacharya, Infoparks Kerala CEO. He also said the park would soon get SEZ status.

The park now houses companies that are into software development, animation and multimedia, web designing, BPOs, IT finishing schools, etc. There are also training institutes set up inside the campus to provide training to engineering graduates as well as to employees. The park has a direct employment potential of about 6,000 IT professionals at the end of its three phases.

The park is being developed on 30 acres and will have a built-up space of approximately 70,000 sft with plug-and-play facilities at the end of Phase 2. It was inaugurated by chief minister, VS Achuthanandan, on October 10, 2009.

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