In a major lift to the Kerala government’s offered to draw in venture, driving IT administrations supplier Tata Consultancy Services (TCS) has consented to contribute Rs 690 crore to set up an Innovation Park in Kochi. The state government has distributed 36.84 sections of land of land to TCS Ltd for setting up a unit for Electronics Hardware and IT/ITES in KINFRA Electronics Manufacturing Cluster, Kakkanad, Kochi.
A Memorandum of Understanding (MoU) in such manner was endorsed here on Friday within the sight of Chief Minister Pinarayi Vijayan and Industries Minister P Rajeev, an authority explanation said.
KINFRA Managing Director Santhosh Koshy Thomas and TCS Kerala Vice President Dinesh P Thampi marked the MoU.
TCS Ltd expects to work a grounds for Electronics Hardware and IT/ITES in a space of 36.84 sections of land of land in KINFRA Electronics Manufacturing Cluster, Kakkanad, with a venture of Rs 698 crore and would oblige almost 10,000 representatives in a staged way, the delivery said. The proposed venture will be named as the TCS Innovation Park, it said.