The Assembly was informed on Thursday that IT major Tata Consultancy Services (TCS) is planning to spend Rs 600 crore in the Kinfra Electronic and Manufacturing Cluster in Kalamassery, near Kerala’s Kochi.
P. Rajeev, the industries minister, also told the House that an in-principle decision has been reached and that a memorandum of understanding will be signed soon.
“The new campus would have facility for their IT operations, ITES services, and data processing facilities. And once the second phase of the campus becomes operational in a matter of five to seven years, around 20,000 jobs would be available,” he said.
At the moment, TCS have their software operations in the state.
Rajeev also that the Lulu Group of billionaire businessman M.K. Yusuf Ali has also announced its business plans which includes an investment of Rs 207 crore in a state-of-the-art food processing unit at Kochi and an Electronic Warehouse Unit in the state capital city.
