Neopolis IT Township Project Announced
Real Estate

Neopolis IT Township Project Announced

Prime Minister Narendra Modi is set to announce the Neopolis IT Township project in Technopark Phase-IV, Thiruvananthapuram, a Rs 1,000 crore initiative under the Union Ministry of Housing and Urban Affairs. Part of the Outer Area Growth Corridor (OAGC), this project aims to establish a cutting-edge urban ecosystem. It represents one of eight such projects nationwide, with Thiruvananthapuram as Kerala's sole beneficiary.

The Neopolis IT Township will support aerospace industries, electronics, software, and IT, focusing on advanced technologies like artificial intelligence, robotics, IoT, blockchain, and machine learning. Envisioned as a self-sustaining urban environment, it will integrate business hubs, residential spaces, shopping malls, recreational zones, and five-star hotels, fostering economic growth and innovation.

The state government has set up a nine-member joint panel, led by the IT Secretary, to oversee planning and coordination. This Special Purpose Company (SPC) involves Thiruvananthapuram Corporation, Andoorkonam and Mangalapuram Panchayats, CRDP, and Technopark.

Strategically located on Thiruvananthapuram’s outskirts, the township will utilize existing infrastructure while driving future economic opportunities. It complements the QUAD initiative within Technopark Phase-IV.

The project stems from the 15th Finance Commission's recommendation, which allocated Rs 8,000 crore for smart city development in eight states. Kerala's proposal was submitted in August 2023, aligning with criteria for advanced urban growth.

This transformative venture highlights the synergy between central and state governments in fostering innovation and urban progress. The official announcement underscores the government’s commitment to positioning Thiruvananthapuram as a global IT and aerospace hub.

Prime Minister Narendra Modi is set to announce the Neopolis IT Township project in Technopark Phase-IV, Thiruvananthapuram, a Rs 1,000 crore initiative under the Union Ministry of Housing and Urban Affairs. Part of the Outer Area Growth Corridor (OAGC), this project aims to establish a cutting-edge urban ecosystem. It represents one of eight such projects nationwide, with Thiruvananthapuram as Kerala's sole beneficiary. The Neopolis IT Township will support aerospace industries, electronics, software, and IT, focusing on advanced technologies like artificial intelligence, robotics, IoT, blockchain, and machine learning. Envisioned as a self-sustaining urban environment, it will integrate business hubs, residential spaces, shopping malls, recreational zones, and five-star hotels, fostering economic growth and innovation. The state government has set up a nine-member joint panel, led by the IT Secretary, to oversee planning and coordination. This Special Purpose Company (SPC) involves Thiruvananthapuram Corporation, Andoorkonam and Mangalapuram Panchayats, CRDP, and Technopark. Strategically located on Thiruvananthapuram’s outskirts, the township will utilize existing infrastructure while driving future economic opportunities. It complements the QUAD initiative within Technopark Phase-IV. The project stems from the 15th Finance Commission's recommendation, which allocated Rs 8,000 crore for smart city development in eight states. Kerala's proposal was submitted in August 2023, aligning with criteria for advanced urban growth. This transformative venture highlights the synergy between central and state governments in fostering innovation and urban progress. The official announcement underscores the government’s commitment to positioning Thiruvananthapuram as a global IT and aerospace hub.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?