In a meeting held on Monday involving the board of directors of Infopark Cochin, the second phase of Infopark development has got approval. The second phase of development includes 160 acres of land which is spread over Kunnathunadu and Puthencruz villages. Since the board has approved the expansion plans of Infopark, the second phase activities can be launched at the earliest. The preliminary works are supposed to be started in a couple of weeks.
Some of the major personals who attended the meeting included T Balakrishnan (Additional Chief Secretary Holding charge of Information Technology, Industries and Commerce), Alkesh Sharma, S Ramnath and Gigo Joseph. The land development works has been given to a major Cochin based construction company. Out of the 160 acres, 130 acres of land acquisition has been completed, where as the remaining lands are facing some sorts of legal issues.
The Board of Approval of the Union Ministry of Commerce had already granted special economic zone (SEZ) status to almost 31 acres of the area. The second phase of Infopark expansion is considered to bring about 80,000 jobs. The second phase is again planned to be completed in three phases. A software development block, a BPO complex and a convention center is planned to be set up initially.
The total investment for the second phase of Infopark development is estimate to be around Rs 2500 crore. Out of this Rs 475 crore would be invested by Infopark in the next 3 years. The second phase development of Infopark is also expected to provide a built up space of 8 million square feet.
Some of the major personals who attended the meeting included T Balakrishnan (Additional Chief Secretary Holding charge of Information Technology, Industries and Commerce), Alkesh Sharma, S Ramnath and Gigo Joseph. The land development works has been given to a major Cochin based construction company. Out of the 160 acres, 130 acres of land acquisition has been completed, where as the remaining lands are facing some sorts of legal issues.
The Board of Approval of the Union Ministry of Commerce had already granted special economic zone (SEZ) status to almost 31 acres of the area. The second phase of Infopark expansion is considered to bring about 80,000 jobs. The second phase is again planned to be completed in three phases. A software development block, a BPO complex and a convention center is planned to be set up initially.
The total investment for the second phase of Infopark development is estimate to be around Rs 2500 crore. Out of this Rs 475 crore would be invested by Infopark in the next 3 years. The second phase development of Infopark is also expected to provide a built up space of 8 million square feet.
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