TCS To Set Up Hub In Technocity
The State Cabinet cleared the TCS proposal to set up an IT and digital hub on the Technocity campus in Pallipuram. The facility will be coming up in the 97-acre land. This land was taken on lease by the TCS on the Technocity campus. The modern development facility will host engineering, product development, and IT services in the aerospace, manufacturing, and defense domains.
The project will focus on the latest technologies like AI, Machine learning, Robotics, blockchain, data analytics, and IoT. TCS also plans to set up an incubation center for technology startups.
K.Mohammed Y Safirulla, Additional Secretary, Electronics and IT Department, said that the decision is a boost to the IT sector in the State during the pandemic period.
“It was envisaged initially as a training centre for TCS. But for various reasons, it could not take off. They then evinced interest in setting up a development centre. As the challenge and the need now is job creation, we agreed on an MoU, which the Cabinet has now approved. Another positive here is that the TCS is going to focus on the latest technologies. In the first phase, which is expected to be completed within 28 months, 5,000 jobs will be generated, and when the project is completed, 20,000 jobs will be generated. Direct investment of ₹1,200 to 1,500 crore can also be expected,” said Mr.Safirulla.
He said that 7 acres out of the 97 acres will be used to set up a facility for Tata Elxsi, the group's hardware arm.