Kerala says 20 new IT companies have landed in the state after Covid-19 lockdown

After the Covid lockdown, 20 new IT companies have come to Kerala to set up their operations here. Along with this, five existing companies have also asked for more space as part of their expansion plans.
These will add thousands of new jobs in the technology sector, a press release from the Kerala government said.

Winwish, a company currently operating in the Technopark, has decided to build its own campus on a one-acre plot with an investment of Rs 100 crore. More companies have expressed interest in coming to Kerala and discussions are in progress, the release said.

The government is building a 2 lakh sq ft facility in Technocity at a cost of Rs 100 crore and will commission it in December this year. The completed Koratty Infopark and IBS's IT campus will be operational by next year. The work on the Caspian Technology Park, Media System India Solutions and Plug n Play Business Office at Kozhikode Cyberpark is also in progress.

In the post-Covid scenario, IT companies are shifting to a hybrid working system where they combine work from home and work from the office. Currently, IT Parks are operating with 5-10% of employees only. The new method allows companies to achieve up to 85% productivity.

According to the companies, 20% of employees will continue to work from home even after Covid. IT Parks in Kerala employ about 1.10 lakh people. About 3.30 lakh indirect employment opportunities were generated through these parks, the press release said.