The Kerala government plans to invest Rs 10,000 crore in the IT sector in the near future, Chief Minister V S Achuthanandan said.
Laying the foundation stone for a Rs 500 crore IT park at Purakad in Ambalapuzha in the district, he said the government was according top priority for development of the IT sector in the state. The aim was to generate five lakh jobs in the next five years, he said.
The IT park, to come up in about 100 acres of land, was part of the government initiative to promote such parks in all districts in the state, he said
Work on the Smart City IT Park in Kochi would be started after removing all hurdles, he added.
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