Technopark, located in the capital city of Thiruvananthapuram, has recently reported impressive figures concerning its software export revenue. For the financial year 2023-24, Technopark has reached Rs 13,255 crore, reflecting a commendable 14 percent growth over the previous fiscal year, which earned Rs 11,630 crore.
The announcement came from Col Sanjeev Nair (Retd), the CEO of Technopark, highlighting the burgeoning IT ecosystem of Kerala. This growth story not only showcases the financial success of the hub but also emphasizes the professionalism and strategic vision of its resident companies.
One of the critical factors contributing to this success is Technopark's world-class infrastructure. It's built on 768.63 acres and comprises around 12.72 million square feet of developed space, housing 490 companies and generating approximately 75,000 direct jobs, alongside more than 200,000 indirect employment opportunities.
Nair also pointed out the importance of the highly skilled workforce available at Technopark, which plays a pivotal role in its growth. He attributed this talent pool and advanced facilities as significant contributors to the remarkable revenue figure.
The Technopark ecosystem not only supports traditional IT services but also embraces cutting-edge technologies across various fast-evolving domains. Areas like fintech, space technology, electric vehicles (EV), medtech, and logistics are being actively explored by the companies located there, aligning with global trends.
The success of Technopark has not gone unnoticed globally. Diplomatic and business delegations from the United States, Europe, the Middle East, and the Far East have visited the site, commending its leading infrastructure and vibrant ecosystem.
Continuing its upward momentum, Technopark is currently engaged in developing its Phase III and Phase IV campuses. These upcoming projects are set to position the park as one of the largest IT hubs nationally, enhancing its capacity to accommodate more tech companies and startups.
Startups, particularly, have found Technopark to be conducive for innovation and growth. The park is becoming the nerve center of one of India's fastest-growing startup ecosystems, which is exciting for both entrepreneurs and investors alike.
This growth does more than just provide financial statistics; it enhances confidence within the state's economic structure, giving other businesses guidelines on how to thrive. The model set by Technopark is not only inspiring for other IT hubs across India but is also attracting attention globally as well.
Overall, the encouraging numbers from Technopark exemplify the collective effort put forth by the companies involved and the local government aimed at fostering technological growth. With the future development phases underway, Technopark is poised to continue its success and leadership role within the IT sector.
