Entire floor space in the 12-storey building, Tejaswini, has been booked
Thiruvananthapuram: The Technopark campus at Karyavattom, near here, will be equipped with an additional six lakh sq. ft of workspace by October this year when a new block named Tejaswini is thrown open for IT companies.
The entire floor space in the 12-storey building has been booked, mostly by Technopark-based companies that are seeking to expand their operations.
Tejaswini will be the biggest complex on the sprawling campus, which accommodates six other buildings, namely Pamba, Periyar, Nila, Chandragiri, Gayatri and Bhavani.
The new block will have parking facility for 600 cars in the three basement floors. The eight upper floors will house IT companies, while the top floor will have a restaurant. The complex is estimated to cost Rs.60 crores, when completed.
Along with the commissioning of Tejaswini, Technopark is getting ready for the next phase of expansion involving private partnership.
The Leela Group is expected to begin work on a new block on a two-acre plot this year.
The building will add another four lakh sq. ft to the built-up space. Together with Tejaswini, it will help Technopark meet the current demand of one million sq. ft.
Two other construction and real estate majors, L&T and the Raheja Group are also in the race to augment IT infrastructure.
"The involvement of private companies represents a new phase in the development of the campus. The partnership companies will also market the built-up space, while we will provide support facilities," Technopark CEO in-charge V.J. Jayakumar says.
Special Economic Zones
The decks have been cleared for the establishment of three Special Economic Zones (SEZs) on the Technopark campus.
The first SEZ will come up in the 30 acres to be handed over to TCS and the IBS Group. The second one includes the 86 acres allotted to Infosys and US Technology.
The third SEZ is slated to come up on 100 acres, to be acquired from the area between Kulathur and Thrippadapuram bordering the existing campus. Work on the new Infosys campus is likely to commence next month.
Currently, the 95 IT companies in Technopark together employ 10,100 personnel.
"In the nine years from inception in 1994 to 2003, we added 1.5 million sq. feet of workspace. During this period, the number of employees was 5,000. From 2003 to 2005, we added another 1.5 million sq. ft and the workforce doubled. Over the next two years, we expect the manpower resources to go up by another 2,000," Mr. Jayakumar says.
The fast pace of development has pushed up the demand for basic services. By next year, the demand for water will go up to one million MLD (million litres daily). "This will require a major augmentation scheme. A sewage treatment facility is another priority," Mr. Jayakumar says.
The proposed Technocity is designed to make Technopark a more attractive investment destination.
The 500-acre township will provide residential accommodation, schools, hospitals and recreational facilities for up to 50,000 people working in various IT companies.