IT
Scan
January
20, 2003
ITPL to step up development of tech park
BANGALORE -- The Information Technology Park Ltd.
(ITPL) will step up development of the International
Tech Park, Bangalore, a joint venture between Tata,
the KIADB and a Singapore consortium led by Ascendas.
ITPL plans to build a business-class hotel with clubhouse
facilities catering to the needs of multi-national
population within the Park.
At
the opening of the Park's latest building, the Explorer,
it was revealed that the building was about 60 percent
taken up due to brisk demand from IT companies. SR
Nathan, president, Republic of Singapore, and TN Chaturvedi,
governor of Karnataka, opened the building. Built
at a cost of about Rs. 90 crores ($18.75 million),
the Explorer is set on a 400,000 sq. ft. plot and
has 11 floors with each floor offering 33,670 sq.
ft. of space. Tenants include MNCs such as AOL Member
Services, Product Chain Solutions Pvt. Ltd., Applied
Materials Inc., India Liaison Office, Quintiles India,
Infocomm Development Authority (IDA) of Singapore
and FCI Technology Services Ltd.
This
is the first building in phase 1B of stage 2 in the
Park's development programme, which includes build-to-suit
(BTS) facilities that can be designed and customised.
Each BTS facility offers a built-up area of about
100,000 sq. ft. and can be made available to a single
occupant with building naming rights and the option
for lease or sale.
International Tech Park Bangalore was also conferred
the prestigious 'World Teleport Property of the Year
2002' award by New York-based Intelligent Community
Forum (ICF). Ratan Tata, chairman, ITPL, said: "We
have a total of five voice and data communications
service providers at the Park today, creating healthy
competition and contributing to its development as
a data centre hub. The addition of more companies
in the Park has resulted in substantial growth and
development of other value-added services."
Contact:
Information Technology Park Ltd.
Web: www.intltechpark.com
