Technopark to create 45,000 new jobs in two years

The IT park which will celebrate its silver jubilee next year currently provides direct employment to 45,000 professionals at its 330 companies.

MARQUEE COMPANIES

Incremental jobs would mainly come from completion of new facilities by TCS, Infosys, UST Global, Tata Elxsi, IBS, and Technopark’s Phase III building this year.

This will make for a total of 90,000 direct jobs and an estimated 3.5 lakh indirect jobs.

Technopark CEO KG Girish Babu said that the human resources capacity built during the last 24 years would be doubled in this manner during the next two years.

Export turnover is expected to touch Rs 5,000 crore this year against Rs 3,500 crore in 2012-13. At least 1.1 million sq ft of built-up space was added during the period.

Under Phase I and II, construction of 2.5 million sq ft is progressing and will be completed within a year.

PHASE II FACILITY

Phase II is an 86-acre special economic zone campus being jointly developed by Infosys and UST Global. When fully developed, it can accommodate 50,000 professionals.

Infosys has constructed two software development blocks which currently employ 3,300 professionals. It plans to invest another Rs 800 crore in this campus over the next few years. The third building of 3.5 lakh sq ft with 3,500 seats too has been completed. The fourth building with 4.5 lakh sq ft of built-up space will accommodate another 4,500.

The fifth building will seat 4,500 people. In all, there will be around 16,000 direct jobs in the campus.

UST Global has nearly completed its massive facility that can accommodate 8,500. The plan for a second building is being finalised.

The SEZ being developed in Phase I by TCS will have a total of 1.12 million sq ft. The main four IT buildings will seat 2,200 professionals each.

TCS BUILDINGS

The first building will be ready by August this year, seating 8,800 by early 2016. Tata Elxsi and IBS together will add 2,000 new jobs by the next year-end.

The expansion plans of other existing companies are expected to create another 3,000 jobs, Girish Babu said.

“With the commissioning of twin towers Ganga and Yamuna, a capacity of 8,500 seats has been created in Phase III.

“This is the greenest building built by the State government; the twin towers will be filled by 2015,” he added.

A total of 40 companies have been allotted space here. Another 18 are to commence their operations shortly.

PHASE III PROJECT

Two expansion plans are Phase III (92 acres) and Technocity (451 acres), which were funded through bank loans.

For Phase III, Technopark took a bank loan of Rs 21 crore for land acquisition which was fully repaid with interest.

It also took a loan of Rs 207 crore for building this phase. The repayment will start this month and will be met primarily out of the income generated from Phase III.

Further, Technopark had taken a loan of Rs 321 crores for land acquisition for Technocity. Of this amount, it has repaid Rs 360 crore (including interest).

“The outstanding amount (Rs 38 crore) will be paid this month itself. When the Technocity loan is closed within a month, its financial position will improve,” Girish Babu said. (Hindustan TImes)

Technopark List of Companies