Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Kerala CM announces Rs.1,000 crore for Technopark

by | May 25, 2021

Kerala Chief Minister Oommen Chandy

Kerala Chief Minister Oommen Chandy

Thiruvananthapuram:(IANS) As the state’s IT hub of Technopark celebrates its silver jubilee, Kerala Chief Minister Oommen Chandy on Wednesday announced a Rs.997.65 crore development project to assist it in infrastructure development, land acquisition and marketing in the next five years.

Chandy made the announcement after inaugurating a function held at Technopark campus.

“The huge development scheme combined with the large scale investments will mark a big leap in Kerala’s IT industry,” he said.

He also said the proposed Rs.1,500 crore investment project by IT giant Taurus in Technopark’s phase-III campus has been approved and construction activities would commence immediately.

The silver jubilee celebrations of Technopark come at a time when IT exports in Kerala for the last fiscal touched Rs.10,000 crore and the total direct employment in the IT industry has touched one lakh employees with 45,000 at Technopark, 25,000 at Kochi Infopark and the rest at various IT companies spread across the state.

Addressing the concerns raised by several stakeholders of Technopark, IT and Industries Minister P.K. Kunhalikkutty announced the decision to roll-back the rent hike in Technopark.

“Technopark’s development model, which is the biggest and the brightest success story of Kerala, could be replicated in several other fields,” he said.

At the function, Prathidwani, a forum of Technopark employees, handed over a letter of consent signed by 1,000 employees to Chandy for volunteering for organ donation.

“The forum began their campaign just few days back and the number of volunteers is expected to touch 3,000 in the next two days,” said Technopark CEO K.G. Girish Babu.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

India pips US to become 2nd largest 5G mobile market, Apple leads

India pips US to become 2nd largest 5G mobile market, Apple leads

New Delhi: India has overtaken the US to become the world’s second-biggest 5G handset market for the first time, behind China, a report has mentioned. Global 5G handset shipments grew 20 per cent (year-on-year) in the first half of 2024, according to the Counterpoint...

Sale of smartphones worth Rs 1 lakh and above surge in India

Sale of smartphones worth Rs 1 lakh and above surge in India

New Delhi: With disposable incomes rising amid the premiumisation trend, the sales of luxury smartphones have surged in India in recent quarters, industry experts said on Tuesday. The smartphone shipments of Rs 1 lakh and above increased by 20 per cent (year-on-year)...

Developers driving GDP growth in AI era: GitHub CEO

Developers driving GDP growth in AI era: GitHub CEO

New Delhi: Developers are driving GDP growth and in the era of artificial intelligence (AI), India is set to surpass the US to become the largest software developer community globally by 2027, according to Thomas Dohmke, CEO of Microsoft-owned software development...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *