Kochi: City based Caspian Techparks India has inked a Memorandum of Understanding (MoU) with Nanma Properties, an Eastern Group Company, to develop a 5.5 lakh sq. ft. non-SEZ property spread over 2.62 acres at Infopark Kochi.
Thomas Chacko Mukkadan, Managing Director of Caspian Techparks and Asheen Panakkat, Managing Director of Nanma Properties, signed the MoU in the presence of Navas Meeran, Chairman of Eastern Group.
Briefing the media, Thomas said, “The project is expected to generate 3,500 jobs and phase I will be expected to be completed by December 2017. The 12-storied property, to be located at the main entrance of the Infopark, will cater to the requirements of all IT and ITES companies planning to set up or upgrade their existing facilities in Kerala. The project will also have two floors exclusively dedicated to commercial purpose catering to the entire demand of employees working in Infopark.
This green building will be environmental-friendly with futuristic facility and offices of international standards. The project also boasts of large open living space, amphitheater, cafes, recreation facilities and food courts. The new facility is designed as a focal point of activity in Infoparks Phase II catering to the needs of the entire park.
“The joint venture with Nanma is going to be mutually rewarding for both the companies. We are roping in the services of experts to complete our first IT Infrastructure project in Kerala. Our studies and market research have revealed that many IT major companies have shown interest in Kerala and are keen to have an address in this southern State”, he added.
“We are happy to enter into a tie-up with Caspian Techparks India. We hope this project will boost the IT and ITES sectors in Kerala. The new facility will be a feather in the cap of Infopark Kochi,” said Asheen.
Nanma Properties is a subsidiary of the Rs. 1,000 crores Eastern Group and is engaged in infrastructure development, construction and turn key projects.
Kerala Biz News