
With this, the stage is set for the four month long bidding process for the Rs 8,000 Crore ($ 2 billion) mega-project, sprawled over 500 acres on the outskirts of Trivandrum city.
Meanwhile, the need for Technocity was again made clear when Kerala's IT export figures for 2007-08 were released about a week ago. As per STPI's count, which tends to be quite conservative, the State's IT revenue zoomed by almost 60% to Rs 1200 Crores. Of this Rs 225 Crores was from Infopark and the rest - almost Rs 1000 Crores - from Technopark. Impressive as this growth sounds, the sum total is woefully small when compared to the likes of Bangalore, Chennai or Hyderabad. What we need is a mega-project to give us a quantum boost, rather than incremental growth. Technocity, located in the IT hub of Kerala, will fit the bill just fine!!!
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