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Tata Consultancy Services to invest Rs 690 cr in Innovation Park

Monday, 20 Sep 2021
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Tata Consultancy Services (TCS) has agreed to invest Rs 690 crore to set up an Innovation Park in Kochi, Kerala.

The state government has allotted 36.84 acre of land to TCS for setting up a unit for Electronics Hardware and IT/ITES in KINFRA Electronics Manufacturing Cluster, Kakkanad, Kochi.

A memorandum of understanding (MoU) was signed with the government of Kerala. The proposed project will be named as the TCS Innovation Park. Phase-I is expected to commence operations in FY24.

Once the campus becomes fully operational, it will have a capacity to cater to 10,000 employees to be achieved in a phased manner. While Rs 440 crore will be invested for building the IT complex, Rs 250 crore will be allocated for related developments.

The park will be set up in a total built-up area of 16 lakh sq ft. Phase- II of the campus development will be planned later.

 
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