News Brief
Kerala Seals MoU For Kochi’s First AI-Enabled Tech City, Unlocking Rs 25,000 Crore Investment And 6 Lakh Jobs
The 300 acre projec is projected to attract an investment of Rs 25,000 crore and generate up to six lakh jobs.
Kerala has taken a decisive step towards creating its first AI-enabled Tech City, with the Infopark and Greater Cochin Development Authority (GCDA) signing a Memorandum of Understanding (MoU) on Monday (29 September) to advance the ambitious Phase 3 expansion of the Infopark campus in Kochi.
The 300 acre project, which could eventually stretch to 500 acres, is projected to attract an investment of Rs 25,000 crore and generate up to six lakh jobs.
Chief Minister Pinarayi Vijayan, who chairs the Infopark board, had earlier unveiled plans for the expansion. Phase 3 alone will include 20 million sq ft of IT workspace alongside 5,000 residential units.
Beyond office infrastructure, the new development promises to be an integrated urban ecosystem with housing, education institutions, healthcare facilities, and recreational amenities.
“It's designed to be a fully technology-enabled urban environment, where intelligent systems manage all aspects of city operations and every amenity is provisioned through smart technology,” Infopark CEO Susanth Kurunthil was quoted as saying in an ET report.
With Phase 3 and a future Phase 4, the state government expects Kerala to strengthen its reputation as a leading destination for global capability centres and IT firms.
Officials said the project is designed as a carbon-negative, water-positive, zero-waste, inclusive city, with completion targeted in three to four years.
