BUSINESS

Operations begin at private IT park

Staff Reporter

KOCHI: Operations at the Technopolis, an IT park set up by the Muthoot Pappachan Group, was officially launched here on Wednesday. Well-known IT companies Wipro and Sutherland already commenced operations at the park. Cognizant and Williams Lea are also setting up their units there. Announcing the launch of operations, Thomas George Muthoot, Managing Director, Technopolis, said the park, spread across 3.5 lakh sq. ft in 2.5 acres at the Special Economic Zone, has an employment potential of 4,000.

The group is planning to set up another IT park at the SEZ, he said. Mr. Thomas said Technopolis is the first IT park co-developed within a SEZ in the country. The project, designed by Jurong Infrastructure India Private Limited, was set up at a cost of Rs.45 crore, according to him. The IT park would generate a revenue of Rs.1,500 crore.

Mr. Thomas said Technopolis, located on the airport-sea port highway, was designed to suit the requirements of the IT industry.

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