Cordiant Technologies to open IT research park

KOCHI, INDIA: Cordiant Technologies is all set to establish an Information Technology Research Park at Thiruvaniyur, 15 km east of Kochi. The company has already acquired 7.5 acres of land and cosntruction is expected to commence soon.

Integral to the Cordiant IT Research Park would be Cordiant Innovation Center (incubation space) for young entrepreneurs and also turnkey lab space for industry peers, said a company statement.

Cordiant IT Research Park would work closely with select educational institutions in the region to improve the overall industry-relevance of their study programmes.

The development of the research park would take place in phases, with the first phase expected to be completed in 2012.

A part of the park would be industry-specific finishing schools to be set up in partnership with other companies and industry associations, the statement added.

"In spite of an early start, Kerala has lagged behind its southern neighbours in information technology investments. However, there are several factors which make the state a far better investment location for IT," said Dennis Paul, president and CEO, Cordiant Technologies.