7 months ago
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A study prepared by Colliers India, an concern and existent property advisory firm, has identified Thiruvananthapuram arsenic an emerging strategical hub for Global Capability Centres (GCCs), governance, research, and exertion successful southbound India.
Seeram Sambasiva Rao, Special Secretary, Electronics and IT department, released the study successful the beingness of Sanjeev Nair, CEO of Technopark, Susanth Kurunthil, CEO of Infopark and Cyberpark, pb IT strategists of the State authorities and IT Park officials during a caller GCCs conclave – ET GCC Surge 2025 held successful Kochi.
The study points astatine the capital’s translation into a strategical epicentre for the integer economy, driven by its IT ecosystem. It has turned into a strategical centre for knowledge-based industries, offering a compelling blend of competitory advantages for planetary firms. The metropolis offers little operational costs compared to tier-1 cities, making it a premier determination for investors seeking to optimise budgets without compromising quality. This is further strengthened by a highly skilled endowment pool, acknowledgment to the State’s acquisition focus.
The study emphasises the city’s aboriginal readiness, citing cardinal infrastructure projects and its relation arsenic a probe and improvement powerhouse. The city’s presumption arsenic a strategical gateway is strengthened by milestone projects specified arsenic the Vizhinjam port, the coastal highway, and the outer country maturation corridor.
Upcoming IT developments wrong the Technopark ecosystem, including the DownTown Trivandrum by Taurus, the World Trade Centre by Brigade Group (Phase-3), and the Quad task (Phase-4), guarantee semipermanent scalability. Technopark recorded bundle export revenues of ₹14,575 crore successful 2024-25, marking a 10% maturation implicit the erstwhile year, notes the report.
