In the budget of Kerala that was presented by Finance Minister KN Balagopal, importance has been given to the IT sector of the state, with the focus being given to the futuristic 5G networks.Expeditious steps will be initiated by the Kerala government to bring the 5G system to the state and to move forward rapidly in the service sector.
development of the IT sector was another important announcement.
Along with the existing NH 66, four IT corridors will be made parallel to it as part of decentralizing the states IT sector. There will be four lanes in the corridors which will be Koratty-Ernakulam, Thiruvananthapuram Technopark phase-III-Kollam, Kozhikode-Kannur, and Ernakulam-Cherthala. For the extension of the IT corridor, an IT facility will be set up in Kollam which will cover an area of 5,00,000 square feet.
A new IT park will be constructed at Kannur. Satellite IT parks will be built on 15-25 acres of land obtained at premium prices through land acquisition on the proposed corridor with convenient access from Kozhikode, Ernakulam, and Technopark Phase III through NH 66. In addition, the acquired land would be used to build 20 small parks ranging in size from 50,000 to 2 lakh square feet.