Kochi-based Infopark Phase-II development received a big boost with the announcement of Rs 320 crore investment.
The investment will be made by private infrastructure developer, Padiyath Innovation, under the public-private partnership (PPP) model.
Padiyath Innovation is a joint venture between Harry & More Consulting and its sister concern, Sunrise Institute of Medical Sciences. An MoU has been signed with Infopark to invest Rs 320 crore for the construction of one million sq ft smart IT infrastructure, in multiple phases. It will comprise a modern solid waste management and water recycling facility, centrally air conditioned building, a five star rated lobby and a parking facility for 1,000 cars.
On completion of Phase-II work, it will provide direct employment to 7,000 IT professionals and to around 3,000 individuals in facility management and other supporting services.
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Infopark (Kochi)