Wednesday, May 28, 2008

Technocity RFQ released

Signalling the start of Kerala's largest IT project, the Kerala Govt. has released the Request for Qualification (RFQ) for the massive Technocity project in Thiruvananthapuram. The RFQ has been floated by the KSITIL, the Special Purpose Vehicle floated by the Government.

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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