Pvt developers to build IT infra at Technocity

Thiruvananthapuram: Technopark has invited infrastructure developers and co-developers to partner in building premium IT and ITeS infrastructure at Technopark Phase IV, also known as Technocity, as part of an effort to attract private investment to the capital's growing technology sector. Under the proposal, Technopark is offering govt-owned, encumbrance-free land parcels on long-term lease for the construction of IT buildings and integrated technology spaces. A total of 11 plots have been identified for allotment, and individual plot sizes range from 69 cents to 4 acres. Some parcels have already been reserved. The initiative is aimed at meeting rising demand for office space from IT and ITeS companies and Global Capability Centres looking to expand operations in Kerala. Technopark Phase IV is the park's largest expansion project, spread across hundreds of acres near Pallippuram. It has been envisioned as an integrated IT township with modern infrastructure, residential facilities, commercial spaces and social amenities. "We are witnessing strong interest from national and international technology companies seeking scalable and future-ready workspaces. Through this initiative, we aim to accelerate infrastructure creation to meet that growing demand," a senior Technopark official said. Officials cited Technopark's established ecosystem, availability of skilled talent, strong connectivity and lower operational costs compared to other metro cities as key advantages for investors. The upcoming Vizhinjam International Seaport and improved national highway connectivity are expected to further enhance the region's appeal. Established in 1990, Technopark currently hosts over 500 companies employing more than 75,000 professionals across its Thiruvananthapuram campuses. The state govt has been actively promoting Kerala as a preferred destination for GCCs and knowledge-based industries. Industry experts believe involving private developers in infrastructure expansion could accelerate the growth of Phase IV and strengthen Thiruvananthapuram's position among the country's leading technology hubs.