Kochi to Generate 4 Out of 10 IT Jobs

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As the state nurtures the dream of generating five lakh jobs by 2020 in the Information Technology (IT) space, Kochi is also set to become a significant contributor to this ambitious target. With the rolling out of Smart City and the second phase of Infopark, the city is likely to generate around two lakh IT jobs. It simply means, when 10 jobs in IT are created in the state, four will be in Kochi. Besides, the city will be able to generate around six to eight lakh indirect jobs as well.

Currently, Technopark is the biggest provider of IT jobs in Kerala with over 50,000 posts and the landmark campus will create an equal number of jobs once expansion works are completed.

“The second phase of Infopark, in over 160 acres, is envisioned as a ‘walk-to-work’ township project, comprising educational and healthcare facilities along with hotels, shopping malls, multiplexes and convention centres. The ambitious Rs 2,500-crore phase II project is aimed at creating 8 million square feet futuristic work space for IT, ITeS companies and generating about 80,000 job opportunities. The Smart City project will add similar number of jobs to the youth in the state. Altogether, these mega projects have the strength to give two lakh new job opportunities,” said Infopark CEO Hrishikesh Nair.

The total IT business in the state, both domestic and export, will be around $1.6 billion by the year-end. At present, there are over 600 IT companies operating in the state, and about 11 per cent of the country’s total IT workforce is from Kerala.

Another highlight of the city is the presence of incubators in the district. As the space in these facilities will be well-equipped, they will have the capacity to generate around 5,000 to 7,000 jobs altogether and even more by 2020.  The major incubators operating in the city are the Startup Village at Kalamasserry; Technolodge at Piravom; KSIDC Business Incubator at Kakkanad; Infopark’s Technology Business Centre at Kaloor; NRI-Technology Business Incubator at Infopark; Myenterprise by KITCO at Kakkanad; KSIDC Incubator at INKEL in Angamaly; CUSAT Incubator, a fisheries technology and business incubator at Kerala University of Fisheries and Ocean Studies (KUFOS) in Panangad; and SCMS Engineering College at Karukutty. Soon, Kerala Chapter of the Indian Institute of Architecture (IIA) and Rajagiri College will start incubators in the city.

All these incubators are now in the process of expansion and are creating more space to accommodate new companies.

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