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Ker to increase IT parks' space from 1.3 to 2.3 cr sq ft

Press Trust of India  |  Thiruvananthapuram 

: Plans are afoot to increase IT parks' space in from 1.3 crore square feet to 2.3 crore square feet, Shri Vijayan said here Friday.

The massive expansion in the IT parks space would enable creation of 2.5 lakh direct jobs, besides increasing and attracting investors to the state, he said.

"As a priority sector, the government is placing emphasis on creating a necessary social milieu and basic infrastructure in the IT sector, aiming at increasing software export and attract investors," Vijayan said.

Speaking after inaugurating work on the Rs 1,500-crore Taurus Downtown project at Technopark, he said the first phase would be completed by 2020.

The also unveiled a model of the project.

Prof Lorenz Reibling, Chairman, Taurus, was among those present.

The Rs 1,500-crore project envisages construction of Embassy Taurus TechZone, a 33lakh square feet IT space, Taurus Zentrum, a 12-lakh square feet retail space, 315-room service apartment Asset Taurus Identity and a 200-room

The total built-up area of the project will be 57 lakh square feet.

The entire project will come up on 20 acres in Phase III campus of Technopark,of which 12.43 acres would be exclusively for office space and remaining for retail,hotel and serviced apartments.

Leading SEZ builder the has partnered with Boston-headquartered for the project.

Shashi Tharoor MP,V K Prashanth, City Mayor, M Sivasankar IT Secretary, Government of and Hrishikesh Nair, CEO, were among those present.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 18:30 IST