IT’s happening in Kerala also
Friday March 14 2008 02:42 IST
ENS Economic Bureau
KOCHI: Kerala is conducive for running IT business. The availability of trained manpower, friendly people and low cost make the State an ideal location for business.
Yet the technoscape of the State is not dotted with much IT firms. Barring technopark in Thiruvananthapuram, Infopark in Kochi, the units of Infosys, Wipro and some other major players, the State's IT map looks vacant.
Though slow, things are changing steadily now. L&T and Leela group, two big names in Indian Inc, are making fresh investments in the IT sector.
L&T, which is a partner in Infopark, has set up a 4-lakh sq ft IT park in Kochi. The project, Tejomaya, would be inaugurated by the Kerala Chief Minister V S Achuthanandan on March 15.
Company sources said that over 70 per cent of space in the building was rented out even before the inauguration. Enthused by the brisk response, L&T had decided to go ahead with it plan to set up the second shop.
Achuthanandan will lay the foundation stone for the second project - Signature Tower - at Infopark campus on the same day.
Being the co-developer of the Infopark, the company has got 7.3 acres in Infopark. Tejomaya has come up in this space. It is the first IT infrastructure project of L&T in the State.
Leading names in IT sector in the country such as TCS, IBS and Arbitron Technology Services have already taken space in Tejomaya.
Meanwhile, Leela Group is setting up a Rs 150 crore IT infrastructure projects in Thiruvananthapuram and Kochi. It has also plans to invest in Palakkad.
The group is planning through its subsidiaries Leela Soft and Aushim Soft to set up four IT parks in Kochi at a cost of Rs 100 crore.
Of the four parks, one with 1.32 lakh sq ft has already been commissioned and other three having SEZ status are at various stages of implementation.
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