Friday, January 23, 2009

Kollam to get a New Information Technology Park

February 10th will be a stepping-stone for the Kollam District. The Chief Minister of Kerala will lay the foundation stone for setting up a Technopark on a 40-acre land on the outskirts of the city. Truly in a sense the development of the park will herald a new age of inclusive development in the state. Researchers often pointed out that, two industries, which can co-exist in Kerala, are Tourism and the Knowledge Industry. This particular move from the Government can change the economic landscape of the district by providing opportunities for the youth to embark a career in the IT/ITES space. The toughest thing in the entire framework of the development of the park would be to market the park to potential investor. One plausible thing, which could lure potential investors, would be the rentals, which can come as cheap as Rs 10 per square feet. And also clubbing the IT/ITES Industry with the tourism Industry would go a long way in marketing the parks to potential investors. The proposed park can be a hub for Entrepreneurship by creating an enabling mechanism through which young Entrepreneurs are nurtured and supported by the Government with the necessary market linkages being established. And also many companies operating in Technopark can outsource a part of their operations to these new build parks. In the era economic recession and global meltdown companies keen on cutting cost can pursue this option.

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