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Thiruvananthapuram Technopark to Add 45,000 New Jobs by 2016

Thiruvananthapuram Technopark to Add 45,000 New Jobs by 2016

By Indo Asian News Service | Updated: 16 June 2014 15:48 IST

Technopark, the first and the largest IT park in the country, has charted out an ambitious target of creating 45,000 new jobs during 2014-16, as part of its efforts to emerge as India's IT powerhouse.

With these additions, the total number of people it would employ will reach 90,000.

Technopark, which is poised to celebrate its silver jubilee next year, currently provides direct employment to 45,000 IT/ITeS professionals through its 330 IT companies.

With the completion of ongoing construction this year for companies TCS, Infosys, UST Global, Tata Elxsi, IBS and Technopark's Phase III building, around 45,000 additional direct jobs will be created, leading to a total of 90,000 direct jobs and 3,50,000 indirect jobs.

Technopark CEO K.G. Girish Babu said the capacity built during the last 24 years would be doubled during the next two years in terms of employment through companies located in the IT park.

Technopark's export turnover during the financial year 2013-14 could be around Rs. 5,000 crore as compared to Rs. 3,500 crore in 2012-13. It has also added 1.1 million sq ft of built-up space during this period.

Under Phase I and II of Technopark, construction of buildings on a total area of 2.5 million sq ft is in progress and will be completed within a year.

The companies building their own campuses are Infosys, TCS, UST Global, Tata Elxsi and IBS.

"With the commissioning of the Twin Towers - Ganga and Yamuna - a capacity of 8,500 seats has been created in Phase III. This iconic twin tower, the most modern green building built by the state government, will also be filled by 2015. A total of 40 companies have been allotted space in the new Twin Tower. Another 18 companies are to commence their operations shortly," said Babu.

With an yearly rental income of Rs.49 crore, the annual turnover of Technopark has been pegged at around Rs.100 crore, which includes income from power, water and maintenance services, that has helped it to continue its profitable operation since 2001.

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