The Kerala Government and Tata Consultancy Services have signed a memorandum of understanding for setting up a clutch of facilities in the State, involving big-ticket investments.
TCS will invest Rs 1,000 crore to set up its global training academy at Technocity here, the TCS chief executive officer and managing director, Mr N. Chandrashekharan, said.
As part of the MoU, TCS will also set up software development SEZ campus at Technopark here and at Infopark, Kochi.
The MoU was signed between the Additional Chief Secretary (Industries and IT), Mr T. Balakrishnan, and Mr Chandrashekharan, in the presence of the Chief Minister, Mr Oomen Chandy, at the golden jubilee celebrations of Kerala State Industrial Development Centre in Kochi during the weekend.
Technopark leased 82 acres to TCS last December to set up a global training academy. Mr Chandrashekharan said the 10,000-seat campus to be established in Technocity will set global benchmarks for corporate learning institutions.