Technopark surmounts Covid crisis, creates 1500+ new jobs

When the Covid-19 pandemic has globally wrought disaster leaving several jobless, Technopark has bucked the trend creating more than 1,500 fresh jobs. Not stopping at that, during the financial year 2020-21, about one lakh sq.ft of office space was allotted to 41 companies by Technopark. Besides it is all set to allot 1,10,000 sq.ft space for another 30 companies which is in process. This is expected to generate another 1,600 new jobs. Technopark is home to 63,700 IT professionals in 465 companies with a total IT built up space of 10.6 million sq.ft as on date. A pointer to Technopark’s progress is the fact that all these companies have had a healthy bottom line.

Thiruvananthapuram Technopark is on an expansion mode. The upcoming TCS Aerospace Hub in Technocity is envisaged as a Development Centre in Space Technologies, Manufacturing and Defense, the ‘live-work-play’ concept of development happening  through Embassy-Taurus ‘DownTown Trivandrum’ project in Technopark Phase 3 campus will see 57 lakhs sq.ft of built up space and the World Trade Centre, Thiruvananthapuram by Brigade Enterprises at Technocity are the flagship projects that will generate innumerable job opportunities in Trivandrum.

During the pandemic, on the export revenue, Technopark has reasons to cheer as it clogged a Rs 611-crore jump in earnings in 2020-21 compared to the previous fiscal. Year 2020-21 saw exports bring Rs 8,501 crore from 460 companies as against Rs 7,890 crore from 450 companies the year before. Technopark reported a total workforce of 62,000 in FY 2019-20. In last 20 months, the park further strengthened its workforce by creating 1700 more employment opportunities.  

“Global behemoths in the IT and related sectors have marked their presence in Technopark and helped in the overall development of Kerala and added to skill strengths. Committed to ensuring more job opportunities to the youth in Kerala, Technopark has succeeded in clocking a remarkable growth rate on all fronts,” said John M Thomas, CEO Kerala State IT Parks.

“The development outlook initiated right from the founding days has helped Technopark stand in good stead through these trying times of Covid-19. It is no small achievement that the progress continues even in this difficult period, creating more job opportunities and attracting more investments and new companies. All this has been the result of the timely guidance and support by the Govt and the concerted effort put in towards proper planning and implementation of projects by the stakeholders. Technopark and Kerala IT will pursue this and go further,” John M Thomas added.