According to Pradeep Viswambharan, chief executive officer of Accentia Technologies, the company has already initiated steps to construct the two IT parks in the special economic zones in the two cities.
The parks will come up on one acre each in the SEZs, which were recently acquired by Accentia from Vasant Scribes of Hyderabad.
Blue prints for the two parks, which would be spread across one lakh sft each, is ready and the construction is expected to be completed by the year end. The remaining space after Accentia's needs are met will be allotted to other IT companies, he said.
The company hopes to provide employment to 1,500 professionals in the two units in the initial stage.
It may be recalled that Accentia Technologies, which posted a net profit of Rs 40 crore during fiscal 2007-08, has already initiated steps to build an IT park in Thiruvananthapuram on 100 acre.
This project is expected to take off in full swing as and when the required sanctions are obtained.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
