Kerala is all set Launch its dream project i.e. the Technocity township that is expected attract investments of Rs 3000 crores to Rs 5000 crores and create 100,000 jobs directly and atleast 400,000 jobs indirectly.
Technopark CEO Mr Mervin Alexander and Infopark CEO Mr Siddhartha Bhattacharya and Cyberpark CEO Mr Biu Pazhoor told a joint press conference that the project is concieved under PPP model.
Technocity is said to be the Dream IT project of the Southern state and is planned as a self-dependent satellite city. The project will be developed through multiple Special Purpose vehicles in association with leading developers. It has applied to Japan International Cooperation Agency for funding of Rs 170 crores as Japan had shown interest in developing the country’s infrastructure.
In addition to IT Infrastructures, Technocity shall also have residential apartments, shopping malls, hospitals, hotels, educational institutions and other support facilities and will also have more focus on biotechnology, nanotechnology and high-end manufacturing units.
