Kerala Technopark achieves export revenue of Rs 9,775 cr in FY22

Thiruvananthapuram, Dec 22 (KNN) The Technopark campus in Thiruvananthapuram been successful in achieving export revenue of Rs 9,775 crore in the financial year 2021-22,witnessing a 15 per cent increase from the previous year, according to a report in Indian Express.

In a major achievement for Technopark in the state capital, the park attained a growth of Rs 1,274 crore this fiscal.

As per reports, the Technopark has received recognition from the Centre and CRISIL (Credit Rating Information Service of India) for accurate filing of GST tax and a CRISIL A+ grade until June 2023 for the financial year 2021-22.

Currently there are 70,000 employees from 470 companies that are working at  the park which covers an area of 10.6 million square feet.

In the last year and a half, a total of 78 companies have opened new IT offices covering 2, 68,301 square feet of space. This year alone (April to November 2022), Technopark has allotted 1, 91,703 square feet of space to 37 companies.

Last financial year, Technopark’s export revenue from 460 companies was Rs 8,501 crore. Kerala IT Parks CEO Snehil Kumar Singh said that the role of Technoparks in Kerala’s IT exports is very large, and it is increasing every financial year.

New startups and new construction activities are fuelling the development of Technopark. Development activities supported by the government and the excellent service quality of Technopark are assets for progress,” Singh said.

Technopark in state is diversifying new possibilities and product services to attract new companies and investments to the state.  (KNN Bureau)