IT Parks

CapitaLand India Trust (CLINT) has agreed to acquire 1 million square feet IT park in Bengaluru for Rs 1,226 crore.

The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy

To make Madurai a technology hub, an information technology park would be set up here at a cost of about Rs 600 crore, Tamil Nadu Chief Minister M K Stalin said on Friday. Addressing the southern regional MSME meet here, Stalin said the park would be set up by the State-run TIDEL in association with the Madurai Corporation. "This IT park will be operated and administered by TIDEL. The park will be set up in two phases in Madurai's downtown Maatuthavani." In the first phase, the IT park would come up on a 5-acre campus. In the second phase, park would be expanded to 5 more acres. The park would provide top-class infrastructure amenities and lead Madurai region to economic growth. "In the first phase, we expect 10,000 people to get job opportunities.

The Bengaluru civic agency has identified several illegal structures that have come up on stormwater drains, which had recently caused severe flooding in parts of the city, particularly information technology (IT) corridors and arterial roads. The anti-encroachment drive echoed in the state assembly as well. Speaking in the House on Wednesday, Karnataka Chief Minister Basavaraj Bommai reiterated that there will not be any discrimination in the drive to free illegal occupants of stormwater drains. According to an Assistant Executive Engineer (Stormwater Drain-Mahadevapura zone) of the BBMP, Bagmane Techpark, Wipro, and Purva Paradise have encroached on drains across various survey numbers of Mahadevapura zone, which bore the brunt of the rain fury. Real estate firm RBD was another encroacher which occupied drains in Junnasandra, Halanayakanahalli and Doddakannahalli, as per the list, along with 'Ecospace' in Bellandur and Gopalan Group in Hoodi and Bellandur, the AEE stated. Bellan

Smartworks' revenues have increased three-fold, and it aims to reach the Rs 1,000 crore revenue milestone in 2022

The Tamil Nadu Industrial Development Corporation Ltd (TIDCO) has been directed to undertake a study on the air traffic and its growth in surrounding regions, market demand and potential sites

In Asia-Pacific, Equinix currently has 52 IBX data centers in key metros across Australia, China, Hong Kong, India, Japan, Korea and Singapore

Once the key projects are completed, Kerala's IT sector will create a minimum of 125,000 direct jobs in the state in the next seven years

It's an all-cash deal; sources said Actis held 26% share in the property whose value is about Rs 1,200 crore

Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them of at low valuations

Ascendas India Trust will acquire 1.65 million sq ft area at an IT park in Bengaluru for an estimated deal value of Rs 1,441 crore, according to a statement

Andhra Pradesh Industries Minister Mekapati Goutham Reddy on Friday directed officials to explore the viability of establishing a mega IT office complex

The IT Park would earmark 20% space for start-ups to promote and encourage start-up ecosystem in the state