kochi

The Housing Development and Infrastructure Ltd (HDIL), the Mumbai-based realty major, will invest as much as Rs 2000 crore in a new IT park near Kochi in Kerala.

The project, to be called HDIL Cybercity will come up at Kalamassery on 70 acres of land.

HDIL top executives have made presentations to the Kerala government on the proposed project and are awaiting clearance. Company officials said that they expect to kick off work on the Cybercity in a month’s time.

According to Rakesh Kumar Wadhawan, chairman, HDIL the park will have a total built up area of 7.9 million sq. ft. and the company will make its investment for the project through its subsidiary company Blue Star Realtors Pvt Ltd.

Wadhawan added that of the total 70 acres of land, as much as 5.4 million sq ft will be earmarked for big IT ventures. The remaining area would house hotels, service apartments, shopping malls, clubhouses, schools and residential apartments.

The entire project is expected to take as many as nine million man-days for completion, it is learnt.

HDIL Cybercity will generate as many as generate 65,000 new jobs, with the IT companies to provide at least 60,000 employment opportunities. The malls, schools and hotels will account for the rest,” according to the HDIL chief.

The Mumbai-based realty major, a part of the Wadhawan group, is a known name in construction and development of IT parks. Among its projects include the ongoing mega projects at the Mumbai Metropolitan Region (MMR), Hyderabad, Pune.

The HDIL Cybercity is expected to add another feather to the IT-savvy city of Kochi which is already seeing boom time ahead with the Infopark and the proposed Smart City set to rewrite its infotech fortunes.

An ASSOCHAM study says certain sectors such as retail and IT-Enabled Services will lead the employment boom...there is an urgent requirement for qualified and trained management professionals to meet the HR requirements of corporate/industry emerging therein.

ICFAI National College [INC] offers quality and
industry-tailored post graduate management education to students from all over India. What differentiates INC from other management colleges in India is its time-tested, and market-based curriculum. In an effort to realize that management is more a science and more a practice, INC has taken meticulous steps to design its management course curriculum. What is unique to INC is its predominant focus on training which is considered as a continuation and reinforcement of classroom teaching.

Some of the B Town cities that are fast becoming very popular for BPOs include Chandigarh, Jaipur, Pune, Nashik, Kochi, Vishakapatnam Mysore, Nagpur and Gandhinagar. Collectively they have attracted large brands such as Convergys, Quark, Dell, Infosys, GE, Spectramind, Msource, Transworks, HSBC, Wipro and TCS.

The above cities are all set to take the BPO thunder away from metros. High attrition rate in BPOs situated in metros and increasing cost of real estate is forcing several BPOs to think of Tier II cities as an attractive option. Non-metro cities offer an ample supply of manpower at 25 to 30 per cent cost compared to metro hubs such as Gurgaon-Delhi-Noida, Bangalore, Channai and Mumbai. Apart from that, the cost of real estate and transport is also much cheaper in smaller cities. Besides, it makes sense for the BPOs to spread out to smaller cities to achieve geographical spead for better disaster management.