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CM Launches Project Taurus Downtown Trivandrum

Thiruvananthapuram: Plans are afoot to increase the IT parks space in Kerala from 1.3 cr sq. ft. to 2.3 cr sq ft, Chief Minister Pinarayi Vijayan said recently, while inaugurating the much-anticipated Rs 1,500-cr Taurus Downtown Trivandrum project coming up at Technopark. Speaking in the presence of Lorenz Reibling, Chairman, Taurus, the Chief Minister said

Thiruvananthapuram: Plans are afoot to increase the IT parks space in Kerala from 1.3 cr sq. ft. to 2.3 cr sq ft, Chief Minister Pinarayi Vijayan said recently, while inaugurating the much-anticipated Rs 1,500-cr Taurus Downtown Trivandrum project coming up at Technopark.

Speaking in the presence of Lorenz Reibling, Chairman, Taurus, the Chief Minister said here that such a massive expansion in the IT parks space would enable the creation of 2.5 lakh direct jobs besides increasing software export and attracting investors to the state.

“As a priority sector, the government is giving emphasis on creating a necessary social milieu and basic infrastructure in the IT sector, aiming at increasing software export and attracting investors,” he said.
Phase I of Downtown Trivandrum will be completed by 2020, he said, and also unveiled the model of the project on the occasion.

The project envisages construction of Embassy Taurus TechZone, a 33–lakh sq. ft. IT space; Taurus Zentrum, a 12-lakh sq ft retail space; 315-room service apartment Asset Taurus Identity and a 200-room business hotel.
The total built-up area of the project is 57 lakh sq. ft. The entire project will come up in 20 acres in the Phase III campus of Technopark. Of the total 20 acres, 12.43 acres will be exclusively for office space and remaining for retail, hotel and serviced apartments.

Leading SEZ builder Embassy Group is associating with Boston-headquartered Taurus Investment Holdings for the project. The office space will have plug-and-play facilities for startups and small businesses. On completion, it can bring direct employment to 35000 and indirect employment to another 75000. Out of the 22.16 acres, 12.43 acres is under the Special Economic Zone (SEZ) and 9.73 acres in the non-SEZ.

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