The first IT building at an estimated cost of Rs. 100 crore is expected to be completed by July 2013.
Buoyed by its turnover during the previous financial year, Infopark Kochi is making steady progress with the preliminary work of its second phase being developed on 160-odd acres in Kunnathunadu and Puthencruz villages.
The piling work ahead of the construction of the first IT building has gathered momentum and is likely to be completed within a month, Infopark sources said. The initial earth works for the internal road for the second phase is under way.
The full-fledged road is expected to be ready by this September or October.
The phased installation of power connectivity is also progressing. Power lines are being drawn ahead of the drawing of the 11 kv lines.
The first IT building with a built-up space of about four lakh sq.ft at an estimated cost of Rs. 100 crore is expected to be completed by July 2013. Infopark is already receiving inquires for space from interested companies although the building is a good year away. The allocation of space would start only by the middle of next year, sources said.
Already, 97 acres of the second phase has received Special Economic Zone status. The entire second phase would be developed by 2020, by which time it is expected to generate about 80,000 jobs. It is also expected to give a big momentum to the overall software exports of Infopark Kochi.
In fact, Infopark expects returns from software exports to register not less than a six-fold increase.
The entire second phase of Infopark will be developed in three phases. Initially, BPO Complex, software development block and a convention centre would 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 respectively.
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.