When Technopark was launched 28 years ago, not many IT parks of a similar stature were present in the country. Even though Technopark has had the opportunity to make a head start to ride on the wave of technology, it trailed behind over the years as Bengaluru, Pune and Hyderabad emerged as tier I cities.
When Technopark was launched 28 years ago, not many IT parks of a similar stature were present in the country. Even though Technopark has had the opportunity to make a head start to ride on the wave of technology, it trailed behind over the years as Bengaluru, Pune and Hyderabad emerged as tier I cities. But that is becoming a story of the past and Trivandrum, that tops the list in terms of governance and sustainable quality of life, is gearing up for a mega slingshot relaunch with Taurus Investment Holdings powering it. At the project launch of Rs. 1,500-cr Taurus Downtown Trivandrum project coming up at Phase III in Technopark, Chief Minister Pinarayi Vijayan said that plans are afoot to increase the IT parks space in Kerala from 1.3 cr sq. ft. to 2.3 cr sq. ft.
Project of Rs. 1,500-cr at Phase III of IT campus to include office space, retail,
hotel and service apartments; CM assures first phase completion by 2020
“Technopark is the first IT park in India. Ever since this government came to office, we have been making every effort to ensure that it becomes a world-class facility by upgrading its capacities, setting up global industries and attracting fresh talent,” the chief minister said.
He added that a massive expansion in the IT parks space would enable 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. The first phase of Taurus Downtown Trivandrum project will be completed by 2020, he said, and also unveiled the model of the project on the occasion.
With a total built-up area of 57 lakh sq.ft., the project will come up on 20 acres of the Phase III campus at Technopark. Of the total 22.16 acres, 12.43 acres in the Special Economic Zone (SEZ) will be exclusively for office space and the remaining for retail, hotel and service apartments by Asset Homes.
Leading SEZ builder Embassy Group is associating with Boston-headquartered Taurus Investment Holdings for the project in setting up Embassy Taurus TechZone (ETTZ), a 33-lakh sq. ft. IT space. The Taurus Trivandrum Downtown which is conceived as a game changer for the capital city, also comprises of Taurus Zentrum, a 12-lakh sq. ft. retail space; Asset Taurus Identity, a 315-room service apartment and a 200-room business hotel.
The office space will have plug-and-play facilities for startups and small businesses. To meet the immediate operational needs of the companies which have signed up for space in ETTZ, a prefabricated built-up area of 62,500 sq. ft. named Keystone will be offered within six months. On completion, the project is expected to generate 35,000 direct job openings and indirect employment to 75,000 people.
“Our thrust on the IT sector has reflected in new projects coming up across the State of Kerala,” he added.
Shashi Tharoor MP who was also present at the launch of the project observed that it is important to think beyond politics in matters of development. “It seems to me that this is a very helpful project for the IT industry in Kerala, which can attract more companies. When these big companies come, they will need more office spaces which indeed this project hopes to provide,” he said.
“Taurus’ DNA is international and primarily based on accumulation of IQ not only of assets. There are of course intelligent people in all countries and continents, but few show such promising signs of dominating the future marketplace of IQ, and indirectly of AI, as India,” said Lorenz Reibling, Chairman, Taurus Investment Holdings.
V K Prasanth, Mayor, Corporation of Thiruvananthapuram; M Sivasankar IAS, Secretary – IT & Electronics, Government of Kerala; Hrishikesh Nair, CEO, IT Parks Kerala; Ajay Prasad, Country Managing Director, Taurus; Jitu Virwani, Chairman and Managing Director, Embassy Group and V Sunil Kumar, Founder and Managing Director, Asset Homes spoke at the function.
The biggest foreign investment in the construction sector of the IT industry after Smart City, a tripartite lease agreement for the project was signed in the presence of the Chief Minister in March 2018. With the advent of technology behemoths like Nissan Motor Corporation, Fujitsu and Tech Mahindra, the capital city is no longer a blip on the global tech radar. On the contrary, with Taurus Investment Holdings on board, Thiruvananthapuram is fast evolving into a prominent tech hub teeming with talent and other factors like direct access to talent and healthy staff attrition rates at much lower costs.