 | This article contains promotional content. (February 2023) |
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| Company type | Joint Sector |
|---|---|
| Industry | Information technology Business Park |
| Genre | Infrastructure Service Provider |
| Headquarters | Pallipuram, Trivandrum , India |
Area served | 500 acres |
Key people | M Vasudevan, Senior Business Development Manager |
| Owner | Government of Kerala |
| Parent | Technopark Trivandrum |
Technocity is a technology park that is an integrated township currently under construction in Trivandrum, India dedicated to electronics, software, and other information technology (IT). It was conceived in 2005 as the fourth phase of development of Technopark.[1] Technocity is a complete IT City, spread across about 500 acres (200 hectares), which includes not just space for IT/ITES firms but also residential, commercial, hospitality, medical, and educational facilities. The project is a new self-dependent satellite city, which would not strain the resources and infrastructure of the city of Thiruvananthapuram.[citation needed]
The units in Technocity include a wide variety of companies engaged in a range of activities, which include embedded software development, enterprise resource planning (ERP), process control software design, engineering and computer-aided design software development, IT Enabled Services (ITES), process re-engineering, animation and e-business. The firms will include domestic companies as well as subsidiaries of multi-national organisations.[citation needed]
Technocity is being jointly developed by the Government of Kerala and private developers. The Government is represented by Technopark and a special company called the Kerala State Information Technology Infrastructure Limited (KSITIL). Individual phases of the project will be developed as Special Purpose Vehicles (SPVs) between KSITIL and individual developers. KSITIL plans to hold 26% equity share in all the SPVs. Once fully operational, Technocity is expected to create about 200,000 employment opportunities.[2]
- ^ "'Techno city' to be set up near Capital". The Hindu Business Line. 18 August 2005. Retrieved 26 September 2008.
- ^ "Biggest-ever IT project taking shape in state". Yoursmartkerala.com. 19 June 2008. Archived from the original on 5 October 2011. Retrieved 26 September 2008.