Plans to execute 160 crore project in seven lakh square feet
Kochi, February 23, 2022: Geo Group, with a vision to fuel the development of the IT sector, strengthens its presence in Infopark. Geo Group will be constructing a 12-storied building, adjacent to the World Trade Centre in Infopark. The groundbreaking ceremony for the building was held today by Geo Group Chairman N V George with the blessings of Fr. Titus Karikassery. Kerala IT Parks CEO John M Thomas, GCDA Chairman Chandran Pillai, Kinfra Exports Promotional Industrial Park CEO Ambili TB, Former CIAL MDs Venkiteshwaran and Baby Rajeev, Geo Group Project Coordinator and Legal Advisor Adv. Rajan Banerjee, V Guard Chairman Joseph Chittilappilly and Principle Architect KC George were also present during the ceremony.
The new project by Geo Group comes with an investment of Rs 160 crores to Infopark . The formal construction will begin on March 7, 2022. Three towers will be built in the Special Economic Zone with the first tower slated to be completed in 30 months. The project once completed will open doors to 5000 to 6000 direct and 10000-12000 indirect job opportunities. In its initiative, Geo Group plans to bring both work and leisure under the same roof. Facilities like recreational area, clubhouses, jogging track, gym, swimming pool, vertical garden, central courtyard and car parking for 700 vehicles are included in the plan. The building will have solar-powered energy backup for limiting carbon emissions. The promoters also have plans to convert this into a completely carbon-neutral establishment in the near future.
‘Geo Group is coming forward with such an initiative to promote the ‘Back to Office’ campaign after the Covid pandemic. We have been working with Infopark for many years for the development of the Kochi IT Park’s infrastructure. In 2013, Geo Infopark established a 60,000 square feet IT establishment, in the Kinfra Campus near Infopark Phase I, which is now home to various IT and ITES companies. We hope that Artificial Intelligence, Blockchain, Data Analytics, Cloud Computing-based companies will come forward to be a part of this initiative, especially with the presence of iconic establishments like World Trade Centre, Luxury hotels and expected metro stations nearby.’ said Geo Group Chairman N V George.
‘Lot of developments are taking place in the IT sector in Kerala. It will be vital for Infopark and Kerala IT that a co-developer is coming forward with a new venture,’ said Kerala State IT Parks CEO John M Thomas. ‘Kerala IT is encouraging the Co-developer based development and it will be a key example for others. Good facilities bring in good companies. Geo Group’s business connections across the globe will attract many companies to Kerala and Infopark. Kerala IT parks assure all support for this initiative by Geo Group.’ added the CEO.
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