Government to form IT infrastructure company
Staff Reporter
VS opens first phase of L&T Tech Park
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Steps to acquire 507 acres for Technocity
Initiatives on for IT parks in Kozhikode, Alappuzha, Palakkad
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KOCHI: The State government has decided to form an infrastructure company to develop IT infrastructure. The capital for the company will be raised through equity. The new venture would give a boost to the IT sector, said Chief Minister V.S. Achuthanandan.
He was inaugurating the first phase of the IT project, L&T Tech Park, at the Infopark here on Saturday. He also laid the foundations for the second phase of the project.
The Chief Minister said several development projects were under way in Kochi. The hurdles in the way of Vallarpadam International container terminal project had been cleared and the work for the road and rail connectivity had been started. The contract for LNG terminal work had been issued.
As a result of the new projects, the city’s infrastructure had been experiencing tremendous pressure.
As part of measures to ease traffic congestion in Kochi, the government decided to start a metro rail project. Estimated to cost over Rs.3,000 crore, it was envisaged as a combined project of the Union and State governments. The construction activities would be started after getting the Union government’s approval. Preliminary steps for acquisition of land had already begun.
LDF’s job promise
The LDF government had promised to create 2 lakh job opportunities in five years, but within 22 months of its rule, the government could prepare the background for creating more than 2 lakh job opportunities in the sector in Ernakulam district alone.
He hoped that the L&T venture would be helpful in achieving the target. The Chief Minister said the government was taking steps to acquire 507 acres for setting up an IT park called Technocity, near Technopark in the capital. Preliminary steps had been taken for establishing IT parks at Kozhikode, Alappuzha and Palakkad.
Fisheries Minister S. Sarma, K.Chandran Pillai, MP, and K. Babu, MLA, were among those present. K.V. Rangaswami, president, Construction, Larsen & Toubro, welcomed the gathering.
With a total built up area of 1.1 million sq.feet coming up in two phases and spread across 7.5 acres, the L&T Tech Park provides world class space for IT companies. IT majors like TCS, IBS, Arbitron have already booked space at Tejomaya, the first phase of the project, consisting of ground plus nine floors. It also houses a cafeteria, health club, gymnasium, business centre and ATMs. Over 3,500 employees are expected to work at the facility.
http://www.hindu.com/2008/03/16/stories/2008031658930600.htm
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