Kochi: Infopark, Kochi will get world-class infrastructure for IT and ITES companies with Caspian Techparks India Private Limited signing an agreement with the State-run Infopark for its Phase II project.
A 90-year lease agreement in this regard was signed between Hrishikesh Nair, CEO of Infopark and Thomas Chacko, Managing Director of Caspian Techparks. Under the agreement, Kochi-based Caspian Techparks, a logistics and infrastructure development company, will construct a total of 4.5 lakh square feet, in phased manner for housing both IT and ITES companies on the 2.62 acres of land leased by the company in Phase II.
“This is yet another milestone in the development of Infopark’s Phase II project, which is coming up on 160 acres adjacent to Phase I,” said Hrishikesh. “The project is expected to generate about 4,000 jobs when completed.”
“The first phase of the project will have 1.2 lakh sq. ft. workspace and this will be ready by March 2016. The new building has been designed on international standards with world class in-built facilities,” said Thomas. The new building will have facilities like shopping centres and multiplexes.
Infopark’s ambitious Rs. 2,500 crore Phase II project has received solid backing from several IT giants and infrastructure developers including Cognizant, Brigade Group, Claysys Technologies and Padiyath Innovation. The Phase II infrastructure is nearing completion now, with common internal roads, 220 KV gas insulated sub-station, storm water drains, cable trenches, data connectivity as well as water treatment and supply.
Kerala Biz News