: Kannur is all set to host the third IT Park in the Malabar region. Chief Minister V.S. Achuthanandan will lay the foundation stone for the Kannur Cyberpark on Saturday.

The Kannur Cyberpark is the second spoke of Cyberpark Kozhikode. The first spoke was inaugurated at Kasaragod last year.

The new Cyberpark will be developed on 25 acres of land in Eramom village, Taliparamba taluk. The acquired land has been notified as Special Economic Zone. The preliminary master plan of the park has been completed and the design of the first IT Building has been finalised.

The Kozhikode-based N.M. Salim & Associates is the Master Plan and Architectural consultant for the project. The first IT building in the campus will have a built-up area of 50,000 sq. ft.  The park is expected to provide direct employment to up to 20,000 skilled resources and up to 80,000 indirect resources.

“Cyberpark will add another golden feather to the infrastructure development initiatives in Kannur. It will act as a catalyst for more growth in the region.” said Cyberpark CEO Binu Pazhoor. In addition to providing the infrastructure for IT and ITES-based industries, Cyberpark Kannur is also expected to attract other investors for residential, commercial, educational and healthcare-related projects in and around the region. “The higher quality and lower cost of living, the lower real estate costs, and the availability of skilled resources in the region will make Kannur a very attractive Tier-3 destination for IT/ITES-based investment. Kannur is expected to witness huge infrastructure development over the next 10 years and at no doubt will be one of the most sought-after destinations for any kind of investment,” Mr. Pazhoor added. Minister for Health & Family Welfare P.K. Sreemathi is scheduled to preside over the function on Saturday. Devaswom Minister Kadanapally Ramachandran and MPs P. Karunakaran and K. Sudhakaran will also participate.

Cyber Park Kozhikode is a society formed and registered on the lines of Technopark and Infopark for the development of IT/ITES in the Malabar region.