Technopark to add 45,000 new jobs by 2016

Moving in a growth trajectory, Technopark here has charted out an ambitious target of creating 45,000 new jobs during 2014-16 as part of its efforts to emerge as India's IT powerhouse.
Technopark, poised to celebrate silver jubilee next year, now provides 45,000 direct employment for IT/ITeS professionals through its 330 companies on its campus.
With the completion of current construction activities this year of TCS, Infosys, UST Global, Tata Elxsi, IBS and Technopark's Phase III building, around 45,000 additional direct jobs will be created,leading to a total of 90,000 direct jobs and 3,50,000 indirect jobs, a Techopark release said today.

Technopark CEO K G Girish Babu said the capacity built during the last 24 years would be doubled during the next two years in terms of employment through companies located in the IT park.
Technopark's export turnover was estimated to be around Rs 5,000 crore in 2014-15 as compared to Rs 3,500 crore in 2012-13. It also added 1.1 million sq ft of built-up space during the period.
While construction of buildings in 2.5 million sq ft was progressing, to be completed within a year, Infosys, TCS, UST Global, Tata Elxsi and IBS were building their own spaces.

Technopark Phase II is an 86-acre Special Economic Zone campus being jointly developed by Infosys and UST Global. When fully developed, it can accommodate 50,000 IT/ITeS professionals.

"With the commissioning of the Twin Towers -- Ganga and Yamuna - a capacity of 8,500 seats has been created in Phase III. A total of 40 companies have been allotted space in the new Twin Tower. Another 18 companies are to commence their operations shortly," Babu said.
With an yearly rental of Rs 49 crore,the annual turnover of Technopark is pegged at around Rs 100 crore, including incomes from power, water and maintenance services, helping it continue its profitable operation since 2001.