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HomePoliticsInfopark in Kerala to get investment worth Rs 160 cr

Infopark in Kerala to get investment worth Rs 160 cr

Kochi, Feb 24 (PTI) In a major step to fuel the development of IT sector in Kerala, the Geo group announced construction of a 12-storied building at the Infopark here, with an investment of Rs 160 crore.

The groundbreaking ceremony for the building, which will come up adjacent to the World Trade Centre in the Infopark, was held on Wednesday.

Kerala IT Parks CEO John M Thomas, Greater Cochin Development Authority (GCDA) Chairman, Chandran Pillai, Kinfra Export Promotion Industrial Park CEO, Ambili T B, Geo Group Project Coordinator and Legal Advisor Adv. Rajan Banerjee, V Guard Chairman Joseph Chittilappilly and Principle Architect K C George were also present during the ceremony.

Geo Group Chairman N V George said the construction will begin on March 7 and the first tower among the three, built in the Special Economic Zone will be completed in 30 months.

“The project once completed will open doors to 5,000 to 6,000 direct and 10,000-12,000 indirect job opportunities. In its initiative, Geo Group plans to bring both work and leisure under the same roof. Facilities like recreational area, clubhouses, jogging track, gym, swimming pool, vertical garden, central courtyard and car parking for 700 vehicles are included in the plan,” Infopark said in a release.

It said the building will have solar-powered energy backup for limiting carbon emissions and have plans to convert it into a completely carbon-neutral establishment in the near future.

George said the Geo Group was coming forward with such an initiative to promote the ‘Back to Office’ campaign after the Covid pandemic.

“We have been working with Infopark for many years for the development of the Kochi IT Park’s infrastructure. In 2013, Geo Infopark established a 60,000 square feet IT establishment, in the Kinfra Campus near Infopark Phase I, which is now home to various IT and ITES companies,” he noted.

IT Parks CEO, Thomas said a lot of developments were taking place in the IT sector of the state and it would be vital for Infopark and Kerala IT Parks that a co-developer is coming forward with a new venture.

“Kerala IT Park is encouraging the Co-developer based development and it will be a key example for others. Good facilities bring in good companies. Geo Group’s business connections across the globe will attract many companies to Kerala and Infopark,” he said. PTI RRT ROH ROH

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Source: The Print

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