CyberPark – Malabar’s IT Glory

Nearly two decades after ideating India’s first technology park concept in Thiruvananthapuram, Kerala is poised to complete its third and final hub in a proposed network of IT infrastructure, with the Cyberpark for the Malabar region.

The Cyberpark completes the trio that includes the Technopark in Thiruvananthapuram and the Kochi-based Infopark that will together offer IT infrastructure to small and big players in the tech sector through a sub-network of mini parks under each of them.
The Cyberpark is projected to be a serious player in the tech sweepstakes, considering its proximity to Bangalore, Mysore and Mangalore, and its promise to offer IT space at considerably lower costs.

the cost advantage is significant, and that tech sector employees would consider relocating to Kozhikode, Kannur or Kasaragod where the Cyberpark will have technology parks. An IT professional earning Rs 2 lakh per month in Bangalore may prefer to move to Kozhikode for half that pay, considering other benefits.

State Govt is going ahead with developmental plans for parks at Kozhikode, Kannur and Kasaragod simultaneously. The land acquisition is expected to be over by the end of the year, and construction of buildings is expected to commence latest by January 2010.

companies would have the option of either leasing out land at the parks and constructing their own facility, or move into ready-built infrastructure offered by Cyberpark, adding that initial interaction with tech companies in the region had indicated a keen interest among them to move into the Cyberpark facility when it was ready.

Cyberpark has a budget of Rs 10 crore for the first year, and is expected to leverage that with borrowed funds as well as attract private investment. Mr Pazhoor said a final call on the matter would be taken based on the market conditions and the clients’ requirements.

The Cyberpark facility at Kozhikode will be set up over a 43-acre campus while the parks at Kannur and Kasaragod will have an area of roughly 100 acres each.