Manonmaniam Sundaranar University’s long cherished dream of setting up the Information Technology Incubation Centre on its premises has finally been realised.
A Memorandum of Understanding with the Software Technology Parks of India (STPI), New Delhi, for setting up an Information Technology Incubation Centre to cater to the needs of the young entrepreneurs in this region by providing an extent of three acres of land on the University campus was signed on Thursday.
The agreement was signed by Vice-Chancellor K. Baskar and Senior Finance Officer, STPI, Devekara Venkanna, STPI in the presence of Registrar, Dr. S. Santhosh Baboo.
Based on the MoU, the STPI will soon invest around ₹ 30 crore for creating infrastructure, export of computer software, IT-enabled services including export of professional services and electronic hardware.
The MoU will facilitate the students of Manonmaniam Sundaranar University to train themselves on a par with the industry standards using the IT Incubation Centre. It will further help to start new IT companies inside the campus which will eventually create the job opportunity to the students.
Though the Manonmaniam Sundaranar University planned to establish the IT Incubation Centre on its premises quite long back, the land required for the venture could not be allotted to STPI. The reason was that there was no separate patta in the name of the University for its 546.98 acre in the Abhishekapatti campus that still belonged to the Department of Animal Husbandry, the actual owner of the land.
Following the steps taken by Dr. Baskar, Manonmaniam Sundaranar University recently received patta for the entire 546.98 acres of its Abishekapatti campus after paying ₹11.50 crore to Department of Animal Husbandry and Live Stock that subsequently paved way for signing of MoU with STPI, New Delhi, a Ministry of Information and Communication’s venture.
The 3 acres of land will be used by the STPI for a lease period of 30 years to run the IT Incubation Centre primarily for the development of young students residing in Tirunelveli, Thoothukudi and Kanniyakumari districts with employable qualities and transform them into entrepreneurs.
Moreover, young entrepreneurs and people across the country can also utilize the facilities by setting up their own companies at the IT Incubation Centre of Manonmaniam Sundaranar University.
