Rs 900-cr expansion plan for Technopark Tvm and Infopark Cochin

Technopark-Trivandrum and Infopark-Kochi have approved annual expansion plans envisaging budgets of Rs 650 crore and Rs 250 crore respectively for 2009-10.

This was decided at general body meetings of the State’s two principal technology parks, the Chief Minister, Mr V. S. Achuthanandan.Briefing newspersons on the decisions taken at the meetings, he said the Technopark would immediately start construction activities that would cost around Rs 100 crore.

Construction activities at the new IT parks at Ambalappuzha, Cherthala, Koratti and Kundara too would begin during the course of this financial year. At Koratti, the works will begin in October.
Mr Achuthanandan said the growth of IT industry in the State was above the average growth at the national level. Against an all-India growth of 17 per cent, the IT industry grew by 45 per cent in Kerala in 2008-09.