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|October 14th, 2005, 02:30 PM||#1|
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MEGAPROJECT: Technocity Trivandrum | 20 Mn Sq Ft SEZ
Techno City near Pallippuram soon
Friday October 14 2005 12:58 IST
THIRUVANANTHAPURAM: The proposed ‘Techno City’ will come up on a 5,00-acre land between Pallippuram and Mangalapuram near the Technopark here.
The Techno City project is being conceived as a township, which will address most of the long-pending demands of the IT companies and techies working in the Technopark here.
The Techno City will be set up as a joint venture initiative. However, the modalities for the public-private participation for the project are yet to be decided.
As per the initial proposal, the government will have to spend at least Rs 100 crore for the acquisition of land earmarked for the ambitious venture for creating basic infrastructure facilities such as power, water and road facilities.
According to sources, the initial proposal is yet to get the ratification from the Finance Department.
As per the proposal, apart from the facility centres in the IT and IT-enabled services sectors, the Techno City will also meet the residential purposes of those working in companies in the Techno City.
It will also house education institutions, hospitals, entertainment centres and commercial complexes.
The 440/220 KV line of the National Power Grid is expected to supply adequate power to the Techno City.
The logic behind the setting up of a Techno City as a joint venture is that large-scale development over a considerable area of land is more conducive and acceptable when creating infrastructure facilities for IT and ITES industries.
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Last edited by sudheeshnairs; October 14th, 2005 at 03:48 PM.