Chief Minister to open Infopark Koratty Phase 2

KOCHI: Chief Minister V S Achuthanandan will inaugurate the Infopark Koratty phase II on Saturday and the Cherthala Infopark phase I, Pallipuram, on Sunday. The Koratty Infopark, includi

Published: 08th January 2011 01:12 AM  |   Last Updated: 16th May 2012 08:11 PM   |  A+A-

KOCHI: Chief Minister V S Achuthanandan will inaugurate the Infopark Koratty phase II on Saturday and the Cherthala Infopark phase I, Pallipuram, on Sunday.

The Koratty Infopark, including its latest phase, is built in 30 acres of land and has IT buildings of 70, 000 square feet, Infopark CEO Ishita Roy said. Almost 800 professionals will be employed when the second phase of the park becomes fully operational.

The Infopark Koratty II has a new food court with a built-up area of 4,640 square feet.

The 2.4-lakh-square-foot Cherthala Infopark phase I is built in  66 acres of land. “It  will cater to software and BPO companies and is expected to have nearly 80 percent of the jobs reserved for locals, and will accommodate around 1,000 to 1400 IT professionals,” Ishita Roy said. The remaining 1.4 lakh square feet of the building will be functional from May 2011. “ The building will accommodate around 2,000 to 2,800 professionals.”

The park will have provision for employment of around 20,000 IT employees in a built-up area of 2 million square feet at an estimated investment of around Rs 500 crore.

The foundation stone of the working women’s hostel and day-care centre will be laid, Alapuzha District Collector P Venugopal told a press conference. The hostel will have facilities for 300 working women with 171 rooms in a built-up area of 55,000 square feet.

The government is simultaneously working on a plan to develop 25 acres of Infopark, Thrissur, as a Special Economic Zone (SEZ). Architectural plans and tender documents have been finalised to construct a multi-storied  two-lakh-square-foot IT building.

The planned building will cost around  Rs 40 crore, and will be able to accommodate nearly 2,000 to 2,800 IT professionals. The remaining land in the SEZ will be leased out to IT companies and co-developers to make their own campuses. It is estimated that, when the Park becomes fully operational, it will have a built-up area of around 1.4 million square feet that will provide employment to around 12,000 to 15000 IT professionals.

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