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Taurus Downtown Technopark | Technopark Phase III | Mixed Use Development | IT/ITeS | 4 million sq. ft |

357K views 880 replies 126 participants last post by  Gopal.K.Kumar 
#1 ·
Taurus Downtown Technopark | Technopark Phase III | Mixed Use Development |

THIRUVANANTHAPURAM: Taurus Downtown Technopark is a 1,200-crore IT/ITeS investment project by Taurus Investment Holdings, an American multinational, in Phase III of the IT park.

The project envisages development of approximately 4 Million sq ft of IT SEZ and non-SEZ space in Technopark, of which about 2.3 Million sq ft will be in the IT SEZ, and 1.7 Million in non-SEZ area.

In addition to IT infrastructure the project will also have retail space, hotels and an Innovation Zone with state-of-the-art plug and play office facility for startups and small businesses.

In the first phase, offices with a built-up area of 1.6 Million sq ft and 1.2 Million sq ft of IT support spaces will be developed, including a retail mall and a 150 key hotel.

Upon completion, Taurus Downtown Technopark is expected to generate 25,000 direct employment opportunities in Kerala’s IT sector.

Taurus had won the project through the Swiss Challenge method, the bidding process in which a bidder wins when their original bid is not challenged by competitors. Taurus’s Downtown Technopark was originally proposed during the Emerging Kerala meet held in 2012.
 
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#8 ·
Downtown Technopark Framework Agreement to be Signed Tomorrow

THIRUVANANTHAPURAM: Technopark and the US-based project investors Taurus will sign a framework agreement for ‘Taurus Downtown Technopark’, the `1,200-crore IT/ITeS investment project, in Phase III of the IT park on Wednesday.

The tripartite deal, involving Technopark, US-based Taurus Investment Holdings (TIH) and its Indian subsidiary THR India Venture will be signed in the presence of Chief Minister Oommen Chandy and Minister for Industries and IT P K Kunhalikutty, at the Chief Minister’s Conference Hall in the Secretariat at 11.30 am.

Taurus will be represented by Erik R Rijnbout, president, Taurus Investment Holdings, LLC, USA, and Ajay Prasad, country managing director, Taurus India, and Technopark will be represented by CEO K G Girish Babu. Signing of the framework agreement will be a major milestone in realising the Taurus Downtown Technopark Project, which was approved by the state Cabinet last October. The Taurus Downtown Technopark project will come up on 19.73 acres of land sanctioned by the government on a 90-year lease to Taurus.

The project envisages development of approximately 40 Lakh sq ft of IT SEZ and non-SEZ space in Technopark, of which about 23 Lakh sq ft will be in the IT SEZ, and 17 Lakh in non-SEZ area. In addition to IT infrastructure, the project will also have retail space, hotels and an innovation zone with state-of-the-art plug and play office facility for startups and small businesses.

In the first phase, offices with a built-up area of 16 Lakh sq ft and 12 Lakh sq ft of IT support spaces will be developed, including a retail mall and a 150-key hotel. Upon completion, Taurus Downtown Technopark is expected to generate 25,000 direct employment opportunities in Kerala’s IT sector. The lease agreement will be signed after the local body polls. “Taurus has also formed two Indian indirect subsidiaries - Winterfell Realty Pvt Ltd and Dragonstone Realty Pvt Ltd as SPVs - for project development,” said Ajay Prasad, country managing director of Taurus India.

He added that work on the project is expected to begin by March 2016.

Taurus had won the project through the Swiss Challenge method, the bidding process in which a bidder wins when their original bid is not challenged by competitors. Taurus’s Downtown Technopark was originally proposed during the Emerging Kerala meet held in 2012.

source: Indian express
 
#16 ·
FRAMEWORK AGREEMENT SIGNING CEREMONY FOR TECHNOPARK DOWNTOWN PROJECT



The Framework Agreement signing ceremony between Technopark and Taurus Investment Holdings LLC, USA for the development of the Taurus Downtown Technopark project will be held on Wednesday, 30th September 2015 at 11:00 AM in Chief Minister’s Conference Hall, 3rd floor, Govt Secretariat, Thiruvananthapuram.


The Framework Agreement will be signed by Mr Erik Rijnbout President, Taurus Investment Holdings, LLC, Mr Ajay Prasad, Country Managing Director of Taurus India and Mr K G Girish Babu, CEO of Technopark in the presence of Hon’ble Chief Minister of Kerala, Shri Oommen Chandy, the Minister for Industries and IT, Shri P K Kunhalikutty, other Ministers and Dignitaries.
 
#20 ·
While I congratulate all concerned, particularly our dear forumer Mr Ajay Prasad for the proposed Down Town project in Technopark area, I very much regret the snail pace in which the project has progressed to this point.
The total execution period of over 4 years also does not look pretty when compared to the time period similar projects are executed elsewhere especially in India in this age of technological advance.

Any way the fact that we have such a nice project eclipses the above concerns.

Wishing all the best for the project.

Cheers!!!
 
#34 ·
VS was supporter of Techpark development when he was CM and I guess someone is misleading him this time. :)

Hope, he understands the true potential of this project unlike many other over-hyped ones in other city regions that he has come across in past. ^^
 
#28 ·
any upadtes? signing done?

അതോ ഇതും അച്ചു മാമൻ കാരണം എല്ലാ വശവും പടിച്ചു പ്രതിപക്ഷതിനെയും വിശ്വാസത്തിൽ എടുതിടു ഒപ്പ് വയ്ക്കാം എന്ന് പറഞ്ഞോ ഉമ്മച്ചൻ? :lol:
 
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