Technopark, Trivandrum completes 30 decades

10th August 2020
Technopark, Trivandrum  completes 30 decades

Thiruvananthapuram, August 10 2020: Technopark Trivandrum, India’s first Information Technology Park, has completed 3 decades, marking an eventful journey that saw Kerala capital being firmly positioned as a major technology hub, attracting big global and Indian companies to set up business and flourish.
One of country’s largest IT Parks spread across 662 acres of land with 102.7 lakh sq.ft built up space, Technopark is now home to 450 IT/ITeS companies with a direct employment of 62,000 IT professionals.  In the context of the pandemic situation, the premier institution has already set its eyes on encashing the emerging work space culture.
Says Sasi PM, CEO, IT Parks Kerala: “The idea of work space is set for a paradigm shift in the post-pandemic era. In the unfolding context fraught with hopes and anxieties, Technopark considers its future quite bright, strengthening its core competence of being a stable and safe campus for investors and talented professionals."
A  CMMI Level 4, ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007 certified IT campus, Technopark is one of world's greenest Technopolis as well.An autonomous organisation fully owned by the Government of Kerala, Technopark has grown from strength to strength since it came into existence on 28th July 1990.
During 2016-2020, Technopark has shown steady growth in export, revenue generation, number of companies and employment.  The IT export has grown to over Rs 7000 Crores ( Rs 70 billion) in 2018-19 against Rs 5000 Cr in 2017-18. In FY 2018-19, it registered an 8.5% growth in export over the last year.
Technopark clocked an overall growth of IT export of 40% in FY 2018-19 over 2016. The institution recorded a direct employment of 62,000 by March 2020, which is an incremental employability of 10,000 from 2016.
Major MNCs that have started operations at Technopark campus during the period 2016-2020 include Nissan Digital India, Tech Mahindra, Teranet, Way Dot Com and HnR Block India Pvt Ltd., which together account for an investment of Rs 27.5 crores ( Rs 275 million) and provide over 1610 jobs.
The 1200 Crores ( Rs 12 billion) investment of Taurus Down Town project was launched in October  2018 in Technopark Phase III. The project is envisaged at 57 lakh sq.ft of built up space with IT & commercial space and is expected to give a direct employment of 25,000.
CRISIL rating
In a separate  announcement last week,  ratings agency CRISIL awards top rating to Technopark for financial stability. CRISIL has accorded 'CRISIL A/Stable' rating to Electronics Technology Parks Kerala (Technopark) on the long-term bank facilities for the second consecutive year, reaffirming the strong financial stability and track record of the premier Information Technology hub. It retains 'CRISIL A/Stable rating for Technopark in its latest review dated 24th July 2020. The rating reflects Technopark’s steady cash flow with diversified clientele occupancy and healthy debt protection metrics, backed by sufficient liquidity.