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Pact for setting up Embassy Taurus World Technology centre

Press Trust of India  |  Thiruvananthapuram 

Giving a boost to the IT sector in the state, a tripartite agreement for setting up the 'Embassy Taurus World Technology Centre' in over a 12 acre-land at was signed today in the presence of

"The Centrewill impact Kerala's IT scene like never before," the said.

"The project will facilitate creation of 35,000 direct jobs and will help the state leapfrog to the status of top tier II destination in India," he said.

The land has been leased from Technopark, government, for a period of 90 years.

Of 12.12 acres earmarked for office space, 10 acres is under the Special Economic Zone and 2.12 acres is non-SEZ, a company release said.

The agreement was signed between Embassy Property Development Pvt Ltd, Taurus Investment Holdings and

About 2.8 million square feet of premium Grade A office space and 5,00,000 square feet of Grade A office space in the non-SEZ land parcel will be built at the centre, the release said.

Jitu Virwani, Chairman and Managing Director, Embassy Group,

Erik Rijnbout, Global President, Taurus Investment Holdings, Ajay Prasad, Country Managing Director, Taurus Investment Holdings;

M Sivasankar, and Hrishikesh Nair, Technopark, Thiruvanathapuram, were among those present on the occasion at the Chief Minister's chamber in the Legislative Assembly Complex.

of Embassy, Jitu Virwani, said their foray into the state was in line with their vision to be part of the significant growth of SEZs in the country.

and also signed the lease agreement for which will be constructing retail and entertainment space and a 175-key in another 7.64 acres of non-SEZ land.

Embassy, a leading in with a track record of over three decades in real estate development, has an extensive across the country.

It has developed over 45 million square feet of prime commercial, in as well as and

Its portfolio of spans the commercial, residential, industrial and warehousing, retail and hospitality segments of the

Taurus Investment Holdings, LLC, is a global investor, developer, owner and operator.

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

First Published: Wed, March 14 2018. 18:40 IST