Kerala Govt. sanctions Rs 997.65 crore for Technopark

Tuesday, Aug 25, 2015,19:13 IST By metrovaartha A A A

Thiruvananthapuram | The Kerala Government today gave administrative sanction for Rs 997.65 crore for infrastructure development, land acquisition and marketing initiatives of the Technopark here and its satellite centres.
Briefing newspersons here after a meeting of the state Cabinet, Chief Minister Oommen Chandy said the fund would be utilised for various projects in the next five years. These projects included first, second and third phases of Technopark development, Techno City project and also Kollam Technopark.
He pointed out that the Technopark, started in 1990 with 100 per cent share owned by the state government, has an asset of over Rs 1,050 crore. It owned 766 acres of land and 7.02 million squre feet built-up area. Work on another 3.5 million square feet space was going on.
Started with two companies and 155 employees, the Technopark now houses 350 companies and provide empoyment to 47,000 persons.
He said software export from these Technopark companies had crossed Rs 5,000 crore a year.