Technocity in the Offing, Kerala Capital Set for Knowledge Hub Status

Thiruvananthapuram: The Kerala capital will see itself being elevated to the status of a Knowledge Hub, with the Technocity set to go on stream. Technocity would usher in companies engaged in emerging technologies to set up their ventures in the Knowledge City campus, in addition to major IT/ITeS companies, according to Hrishikesh Nair, CEO, Kerala IT Parks.

The new generation emerging technologies that will flow into the Centre for Excellence in the Knowledge City include Block Chain, Cyber Security, Cognitive Science, Mobility, Analytics and Artificial Intelligence.  The Centre of Excellence at the Knowledge City will be developed with Academy – Industry collaboration so as to produce state-of-the-art technology based on latest research and development.

Hrishikesh Nair, CEO, Kerala IT Parks

           Hrishikesh Nair, CEO, Kerala IT Parks

Technocity will also provide world class IT infrastructure and support services for Start-ups, Small & Medium IT companies, in addition to global IT/ITeS Companies.  With the Technocity project set to go on stream soon, Thiruvananthapuram will become the Knowledge Hub of the country while Kerala will become the Digital State. The State Government is in the process of achieving this objective, said  Hrishikesh Nair.

The master plan for the Technocity project is ready and the total land area of 423 acres is in possession. The design for the first building is ready and will be completed soon. Companies will be able to commence operations by 2019, Nair added.

The work on road network, electrical distribution, water supply and other basic infrastructure are in the processes of development.  In order to attract more global companies, the land lease rates have been reduced to 33% from the current level, Nair said.

The largest IT building in the country – the twin towers of Ganga and Yamuna, with 1 million sq. ft. area, has been allotted to major IT/ITeS companies and is already full.

The Boston-based Taurus Investment has confirmed that it will be soon commencing their Taurus Downtown project in 20 acres of land allotted, and will have one of the most modern commercial campuses and IT Townships in the Phase 3 campus.

This will significantly improve the availability of space for IT/ITeS companies and others, the Kerala IT Parks CEO said.