TCS to invest up to Rs 1,500 cr in Thiruvananthapuram Technocity

The state cabinet on Wednesday gave its nod for the proposals that could generate up to 20,000 direct jobs

The Kerala government has approved a proposal by Tata Consultancy Services (TCS) to invest up to Rs 1,500 crore in Technocity, an upcoming technology park in the suburbs of Thiruvananthapuram city.

TCS proposed investments in the fields of IoT, Blockchain, Robotics, Data Analytics, Machine Learning and Artificial Intelligence aimed at contributing to the defense, aerospace and hardware manufacturing sectors, Kerala Chief Minister’s office informed.

The state cabinet on Wednesday gave its nod for the proposals that could generate up to 20,000 direct and even more indirect jobs. Already, TCS continues to be the highest job provider in Kerala with around 15,000 persons working in different units.

TCS had initially announced setting up its biggest training centre in 97 acres in Technocity. This fresh proposal is the company's major investment to come up in Kerala after the Covid scenario, said the CMO.

Technocity is at Pallipuram, about 20 kilometers from Thiruvananthapuram city and nearly five kilometers from Technopark.