Proposed Kerala IT company scouting for foreign partners

By IANS

Thiruvananthapuram : The Kerala government is keen to find foreign partners for its proposed IT infrastructure company here and for this purpose will participate in the GITEX 2007 meet in Dubai beginning Saturday.


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A three-member team led by N. Radhakrishnan Nair, CEO of Technopark here, will participate in the Dubai show where world leaders in IT and infrastructure companies are taking part.

“We will have a stall at the event and try to get in investors for the proposed IT infrastructure company where 51 percent would be held by the state government and the rest by interested investors,” Nair told reporters here late Wednesday night.

“The basic premise of the IT company would be to see that all development initiatives in IT, be it IT parks and infrastructure development for IT, would be taken up by this new company which would act like a holding company. PriceWaterhouseCoopers has been roped in to prepare a master plan for all future IT initiatives in Kerala. The broad aim of the company would be to set up IT parks in each of the districts in the state,” said M. Vasudevan, who is in charge of business development at Technopark.

The Dubai visit would aim to attract IT companies and investors for the proposed Rs.50 billion Technocity, which is the fourth phase development of Technopark.

Technocity would be set up on a 507-acre campus and the state government has already acquired 205 acres. The rest will be acquired by the end of the year.

Technopark, situated on the outskirts of the state capital, has 126 companies with a work force of 16,000.

“Around 30 new companies are in the pipeline that are likely to set up shop here. Currently 3.2 million square feet space is occupied and another 1.8 million square feet space is being constructed,” said Vasudevan.

Technopark is setting up a finishing school to help train and equip around 25,000 engineers who pass out of the 84 engineering colleges in the state every year.

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