TCS To Set Up Training Centre At Technocity

Tata Consultancy Services (TCS) will set up a training centre at the proposed Technocity near the Technopark campus in Kerela. Chief Minister VS Achuthanandan said the cabinet has decided to allot 82 acres to TCS to set up the centre at an investment of Rs.1,500 crore.

“They will be setting up a training centre which will have the facility to train 15,000 professionals. Technopark officials will be coordinating with them for all the follow up action in this regard,” said Achuthanandan.

Technocity is conceived as an integrated township under the public-private partnership model encompassing IT/ITES infrastructure, residential apartments, shopping malls, hospitals, hotels and educational facilities.

“Now that the Cabinet has cleared this, we will ink the agreement with TCS and the main clause is that they should start construction in a year’s time, failing which a penalty clause would apply,” said Mervin Alexander, Chief Executive, Technopark.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

“The first phase of the centre would be operational in 18 months once TCS starts construction. When fully complete, they would have invested close to Rs.1,500 crore. They would purchase the 82 acres,” said Alexander.

Technopark has applied to the Japan International Cooperation Agency for a Rs.170 crore loan for developing the basic infrastructure in Technocity.