IT employment is expected to grow 3 times over the next 3 years: Infopark

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KOCHI: Despite the slow growth in information technology recruitment in the country, the Infopark in Kochi has projected a healthy growth in recruitment over the next few years. IT employment is expected to grow three times over the next three years at the Infopark.

Since its inception in 2004, Infopark has created over 3.4 million square feet of space and has provided employment to nearly 18,500 IT professionals. Around 134 IT companies have taken space in the park.

TCS and Cognizant are constructing their own campuses of 1.5 million square feet each in the Infopark. Both the companies are expected to add 12,000 people each in the next three years.

In 2012-13, the Infopark reported an export revenue of Rs 1,350 crore, representing a 23 % growth over the previous year. The facilities of TCS and Cognizant are expected to give a boost to the export revenue from the park.

Infopark CEO Gigo Joseph said that the rentals in Infopark are lower by almost 30 % as compared to other South Indian cities. The attrition is as low as 5 %. He said that the employees in the park will see a three-fold rise in the next 3 years