Kerala expects TechnoCity to generate 50,000 jobs
THIRUVANANTHAPURAM: The fourth phase of the Technopark here, branded TechnoCity, is expected to generate 50,000 direct jobs and provide indirect employment to 2 lakh, according to officials of the Kerala IT department.
The state IT department has announced completion of all formalities pertaining to acquisition of the 451 acres required for TechnoCity. In addition to 205.11 acres of land acquired by June 2009, 245.89 acres have been acquired since then, completing the land acquisition exercise. Officials said the state government had finalized the rehabilitation package for evictees affected by the project.
TechnoCity is proposed to be a complete IT city, with space set aside for residential, commercial, hospitality, medical and educational facilities, besides the infrastructure for IT/ITES companies. Officials said the project would be a self-dependent satellite city, without putting a constraint on the resources and infrastructure of Read more…