Technopark is a technology park in Thiruvananthapuram (Trivandrum), Kerala, India. The park is dedicated to IT
ventures. Launched in 1990, Technopark as of 2012 has 4 million square
feet of built-up area, and is home to over 285 companies, employing
nearly 40,000 professionals. Technopark is currently on an expansion mode by adding another 37 hectares as part of Phase III expansion and 450 acres (1.8 km) as Technocity an integrated IT township near Pallippuram. The policy of economic liberalisation initiated by the government of India
in 1991 and the rapid growth of the global software industry during the
1990s substantially contributed to its growth. During the global financial crisis of 2007–2010, the park saw a period of reduced growth in 2009-10, where the exports recorded was only 2.8% more than the previous year. As of late 2010, Technopark accounts for about 70% of IT exports from Kerala.
The units in Technopark include domestic firms, joint ventures and subsidiaries of foreign companies engaged in a wide variety of activities, which include embedded software development, smart card technology, enterprise resource planning (ERP), process control software design, engineering and computer-aided design software development, IT Enabled Services (ITES), process re-engineering, animation and e-business. Technopark is owned and administered by the Government of Kerala and is headed by a Chief Executive Officer. In addition to this, it has a Governing Council and a Program Implementation Board, both of which include top officials of the government. Administrative offices, including that of the CEO, are housed in the Park Centre building. Technopark also hosts a Technology Business Incubation Cell and Software Competency Centre, situated in the Park Centre.
The units in Technopark include domestic firms, joint ventures and subsidiaries of foreign companies engaged in a wide variety of activities, which include embedded software development, smart card technology, enterprise resource planning (ERP), process control software design, engineering and computer-aided design software development, IT Enabled Services (ITES), process re-engineering, animation and e-business. Technopark is owned and administered by the Government of Kerala and is headed by a Chief Executive Officer. In addition to this, it has a Governing Council and a Program Implementation Board, both of which include top officials of the government. Administrative offices, including that of the CEO, are housed in the Park Centre building. Technopark also hosts a Technology Business Incubation Cell and Software Competency Centre, situated in the Park Centre.
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