Global IT major Tata Consultancy Services (TCS) today firmed up its plans to expand its operations in Kerala by signing a Memorandum of Understanding for leasing of 97 acres of land at the Technocity at Pallipuram near here, which will bring a hefty investment of Rs 1200-1500 crore to the state.
The MoU was signed between TCS and Technopark in the presence of Mr. Pinarayi Vijayan Chief Minister of Kerala, who termed the agreement as marking a major stride in the state’s quest to become a knowledge economy. The agreement was exchanged between Mr. Sasi Pilacheri Meethal, CEO, Technopark and Mr Dinesh P Thampi, Vice President & Head, Kerala Operations, TCS at Technopark .
Presiding over the ceremony through videoconferencing, the Chief Minister appreciated that TCS has come forward to base one of its major facilities in Kerala at a time when many companies have shelved their expansion plans due to crisis triggered by COVID-19 pandemic.
“This simple ceremony marks the beginning of a major step forward. A highly reputed company, TCS will be bringing an investment of Rs 1200 to Rs 1500 crore of investment to the state. The project will provide some 20,000 direct jobs. This has happened when major efforts are on at different levels to transform Kerala into a knowledge economy,” the Chief Minister said.
It is also important that TCS is opening the campus in Technocity, which is going to be a major destination for defence and aerospace technology ventures, with application of new technologies like Artificial Intelligence, Machine Learning, Robotics and BlockChain.
The TCS hub will have a prominent role in supporting these ventures, he said. “The setting up of the proposed Startup Incubator within the TCS campus will help to strengthen the startup ecosystem in Kerala. India has acknowledged Kerala as a state having best practices in the startup sector,” the Chief Minister added.
Dr Vishwas Mehta IAS ,Chief Secretary of Kerala and Mr. K Mohammed Y. Safirulla ,Secretary ,IT & Electronics Govt of Kerala Mr NG Subramaniam Executive Director and Chief Operating Officer TCS,; Mr Madhavan Nambiar, Advisor, Tata Group and Mr Alok Kumar, Senior Executive, TCS were present.
Dr Mehta called the collaboration between TCS and Technopark can take the IT sector in Kerala to newer heights. Assuring all support to the project, Dr Mehta hoped that TCS will forge a great synergy with the Digital University at Technocity.
Mr. Subramaniam thanked the State Government for extending all support to TCS’s plans. He said the availability of right skill sets in the areas of defence and aerospace enthused TCS to set up this hub at Technocity. “We looked at various probabilities as we wanted to give back something unique to Trivandrum and Kerala.” TCS already has a training centre functioning from Technopark.
TCS has leased out 97 acres of land for 90 years with Technopark. Engineering, Product Development and Information Technology Services in manufacturing, defence, aerospace sectors with focus on new generation technology such as Internet of Things, Block chain, Robotics, Data Analytics, Machine Learning and Artificial Intelligence will come up in the new complex at Technocity
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