Kochi will get world-class infrastructure for IT and ITES companies with Caspian Techparks India Private Limited signing an agreement with the state-run Infopark for its Phase II project.
A 90-year lease agreement in this regard was signed between Mr Hrishikesh Nair, CEO, Infopark and Mr Thomas Chacko, Managing Director, Caspian Techparks on Thursday here. Under the agreement, Kochi-based Caspian Techparks, a logistics and infrastructure development company, will construct a total of 4.5 lakh square feet, in phased manner for housing both IT and ITES companies on the 2.62 acres of land leased by the company in Phase II.
“This is yet another milestone in the development of Infopark’s Phase II project, which is coming up on 160 acres adjacent to Phase I,” said Mr Hrishikesh Nair. “The project is expected to generate about 4,000 jobs when completed,” he said.
“The first phase of the project will have 1.2 lakh sqft workspace and this will be ready by March 2016. The new building has been designed on international standards with world class in-built facilities,” said Mr Thomas Chacko. The new building will have facilities like shopping centres and multiplexes.
Infopark’s ambitious Rs 2,500-crore Phase II project has received solid backing from several IT giants and infrastructure developers including Cognizant, Brigade Group, UST Global, Claysys Technologies and Padiyath Innovation. The Phase ll infrastructure is nearing completion now, with common internal roads, 220 KV gas insulated sub-station, storm water drains, cable trenches, data connectivity as well as water treatment and supply.