The state-owned Technopark today signed a deal to transfer on lease 82 acres of land to Tata Consultancy Services (TCS), the largest IT company in India, to set up its Global Learning Centre at 'Technocity' coming up at Pallippuram near here.
The land deal was signed by Technopark CEO Mervin Alexander and S Mahalingam, Director, TCS at a ceremony held at the Technopark here.
The lease deed signed was for 82 acres of land and the initial down payment of Rs 75.25 crore was made by Mahalingam, who said the Global Learning Centre to be established at Technocity would train and accommodate 15,000 employees.
The TCS was planning an iconic and landmark campus in India with an estimated investment of Rs 1,500 crore, he said.
Technopark CEO Alexander said this was the biggest land deed signed in the history of Technopark. The construction would start within 12 months and was expected to be completed in four years, he said.
Kerala Chief Minister V S Achuthanandan had handed over the government order sanctioning allotment of 82 acres of land for the ambitious project to TCS CEO N Chandrasekharan in September last.
The proposed 10,000-seat campus by TCS would have classrooms, auditoriums, computer laboratories, library, cafeterias, accommodation facilities, recreational and shopping areas. Once developed, the centre would employ about 5,000 technical professionals.
Technocity, Kerala IT's dream project, would be developed in 450 acres of land in Pallippuram as an integrated township, encompassing IT/ITES infrastructure, residential apartments, shopping malls, hospitals, hotels, educational institutions and other support facilities, Alexander said in a press release here.
The project, the first of its kind in the state, would be a trail-blazer and will provide 100,000 IT/ITES jobs directly and 400,000 indirect jobs and would place Kerala firmly as an IT powerhouse in the global IT map, he said.