TCS to setup 1500 Cr training centre in Technocity, Trivandrum, Kerala

TCS signing up for a mega learning centre at the Technocity, the next phase of Technopark at Trivandrum, Kerala.The Rs 1,500 crore Global Learning Centre of TCS will be the first kind of facillity here.

Kerala IT department officials said a lease deed was signed for 83 acres of land and TCS had made the initial down payment of Rs 75.25 crore. TCS director and CFO S Mahalingam said the centre would train and accommodate 15,000 employees at any time. He said the company would have an iconic and landmark campus at the Technocity. Chief minister VS Achuthanandan had handed over the government order sanctioning the land at TechnoCity to TCS CEO N Chandrasekharan in September.

Technopark CEO Mervin Alexander said this was the biggest land deed signed in the history of Technopark, and that construction would start within 12 months and was expected to be completed in 48 months. Simultaneously, TCS is expected to commence construction of its development centre at the Technopark Phase-I SEZ.

TCS has had an association with Technopark since 1994 when the company bought 2 acres of land to set up its corporate training facility and expanded this by acquiring 12 acres more. In 2005 the company took another 26 acres of land for the construction of its development centre, where construction is expected to begin soon. Developed over 450 acres in the outskirts of Thiruvananthapuram as an integrated township, encompassing IT/ITeS infrastructure, residential apartments , shopping malls, hospitals, hotels, educational institutions, and other support facilities , the project is expected to generate 1 lakh direct IT/ITeS jobs and another 4 lakh indirect jobs.

via, Economic Times