Trivandrum: It was on April 04, 2012 that IT major Infosys announced their plans of setting up a new campus at the Technocity in Thiruvananthapuram. It was to be their second SEZ campus in Kerala, the first being in Technopark Phase II, also in the capital city. But even after three years nothing seems to have moved beyond the announcement and now Infosys has informed the Technopark authorities their decision to withdraw from the project.
In a letter addressed to the CEO of Technopark and the Principal Secretary (IT), Govt. of Kerala, dated May 18, 2015, Infosys has conveyed its decision to withdraw from the project citing lack of basic infrastructure facilities at the project site and also, the non-co-operation of the Technopark authorities. The callous attitude of the Government seems to have aided the decision.
Meanwhile, clarifying their stand, K G Girish Babu, CEO of Technopark, said “We do not believe that with the excellent relationship running between the top management of Infosys and Technopark / Government, Infosys will blame Technopark quoting lack of support. The allegations written in the letter are ‘not true to facts’ and sounds like individual perceptions of the person who wrote the letter, but need not be a considered view of the corporate after studying the facts.”
Giving details about the project, he said that the possession of land was given to Infosys on March 27, 2013 but till date they have not submitted any building plans to Technopark for approval nor have started the land development. The signing of Co-developer agreement, submission of application for Co-developer approval, execution of Bond-cum Legal undertaking and execution of Lease Agreement are some of the other activities pending from Infosys side.
“Technopark has built a 4-lane road throughout the frontage of the plot given to Infosys at Technocity. Technopark has so far invested Rs. 5.96 crores for the roads, Rs. 2.73 crores for power infrastructure and Rs. 17.87 crores for water supply within Technocity. Further an amount of Rs. 41 crores will be invested for the 110 kV 25 MVA substation and other infrastructure by the time buildings come up. There was nothing preventing Infosys from starting the construction”, Girish added.
While signing the MoU for the proposed 50 acre campus, Kris Gopalakrishnan, the then Executive Co-Chairman of Infosys had said, “Our second campus would employ 10,000 professionals when complete. In the first phase, the centre which will come up with an investment of Rs.180 crore will seat about 3,500 and the second phase with an investment of Rs. 350 crore will seat about 6,500. The total investment will be about Rs. 600 crore.”
Kerala Biz News