Taurus techno park project approved
The Kerala government today approved a Rs 1,200-crore IT investment project in Technopark Phase III sponsored by Taurus India. As part of the agreement 9.73 acres of land would be given to the project under non-SEZ category and 10 acres under SEZ category, Chief Minister Oommen Chandy said.
The land would be allotted under a 90-year lease realising Rs 5 crore per acre. The investment proposal by Taurus Investment Holdings LLC, Boston, USA, will see development of about 32 lakh sq ft of IT SEZ and non-SEZ space in Technopark. In addition to IT infrastructure spread over 20 lakh sq ft in the IT SEZ, the project includes the creation of supporting facilities like retail space, hotels and an innovation zone with a state-of-the-art plug and play office facility for start-ups and small businesses in the 12 lakh sq ft non-SEZ part of the project.
The company is already in talks with major global players including Allianz, Fidelity Investments, Deutsch Bank, Oracle and others who are either waiting to enter or planning to expand in the Indian market.
Source: The Economic Times
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