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Infopark to apply for SEZ status

Staff Reporter

In a bid to boost business at the park

KOCHI: Infopark authorities have decided to apply to the Union Ministry of Commerce for the status of a Special Economic Zone (SEZ) in a bid to boost business at the park and to meet some of the suggestions made by leading companies operating out of the park. K.G. Girishbabu, Chief Executive Officer of the Infopark, told reporters here on Saturday that a special economic zone status would be a big boost the park that was rapidly growing.

A showpiece

The 3.5-lakh sq. ft. smart space that commenced operations in November 2003 under the Kerala State IT Mission is the showpiece of Kerala's IT industry credentials. Mr. Girishbabu said that in about three years the requirement of space would be to the tune of two million sq. ft. involving an investment of about Rs. 400 crores.

Only this kind of space availability could launch Infopark into the league of major IT industry destinations, he said.

The shell space and furnished space in the two complexes — Thapasya (1.25 lakh sq. ft.) and Vismaya (2.25 lakh sq. ft.), have been sold out. There are 41 companies operating under the Infopark on which the State Government has spent Rs. 8.43 crores, excluding the ongoing works worth Rs. 16.88 crores. The Infopark is located on nearly 100 acres of land of which Wipro has been given 25.18 acres on lease. Larsen & Toubro has been given four acres on lease and the land available now is 62.72 acres.

Lack of space

Due to lack of space at the Infopark, 13 start-up companies have been located at the ITES Habitat, Kaloor, within the city. At present, there are 1,100 employees at the Thapasya complex while there are 60 in the Vismaya complex. Put together, these two complexes can accommodate about 3,500 employees.

Mr. Girishbabu said the TCS had asked for 50 acres of land at the Infopark for building a campus for 10,000 people. At present TCS has 650 employees in the Vismaya complex.

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