Infopark Phase II Launched

On Sunday, February 20, 2011, Kerala Chief Minister V S Acuthanandan launched the Second Phase expansion of Infopark Kochi spread over 160 acres in Kunnathunadu and Puthencruz villages.

Majority of the 160 acres identified for the project has been identified. The Board of Approvals (BoA) of the Union Ministry of Commerce had granted Special Economic Zone (SEZ) status to about 31 acres of the project area last September, which cleared the way for Infopark to set up a sector specific IT and IT-Enabled Services Special Economic Zone. When executed fully, the phase two project will generate about 80, 000 jobs.

The expansion will be completed in three phases. A BPO Complex, acsoftware development block and a convention centre would be set up during the initial phase of the expansion.

 The proposed BPO Complex with a built-up space of 4 lakh sq.ft will be set up at an estimated cost of Rs. 200 crore. The total investment for the phase two expansion has been estimated to be in the range of Rs. 2,500 crore, of which Infopark would invest about Rs.475 crore in the next three years. Apart from the Rs.200 crore to be invested on the BPO complex, Rs. 200 crore and Rs. 75 crore would be invested in basic infrastructure and core infrastructure. When completed, the second phase would provide a built-up space of 8 million sq.ft.

This would take the total built-up space provided by Infopark to about 15 million sq.ft taking into account the combined space provided by the IT parks at Koratty, Cherthala, and Ambalapuzha as well.

via keralait.org