KGiSL In the News!

It's not everday that your firm gets featured @ the top slot in a business news channel and also gets a mention in a leading newspaper.

KGiSL was quoted in two leading MSMs (Mainstream media) over the weekend. The first one was in an article/video by CNBC TV 18 and the second one by Hindu's Business Line. Both these articles have quotes from our VP, Jaymurali.

CNBC article - http://tinyurl.com/6xpga9
Business Line article - http://tinyurl.com/6eqnxt

CNBC's article cum video discussess Coimbatore's future as the next BPO city and it is a detailed report done by Divya Rajagopal... Click here for the video

It quotes our VP of Corporate Relations Mr. Jayamurali thus

"We decided to develop infrastructure for our own business. In the process, we realized that there is potential to get into the infrastructure business. In the process, we will attract more IT companies which is very important because as an IT company we need healthy competition and healthy IT business happening for the growth."

The Business Line's article discusses coimbatore's upcoming IT parks and gives a thums up to KGiSL's initiatives in this regard

KGISL was one of the earliest ventures to take off. The company established a technology park on a 50-acre land as early as 1994. The project came up on the outskirts, at Saravanampatti, which was then undeveloped.

Recalling the development, KGISL’s Vice-President (Corporate Relations), Mr B Jayamurali, said “there were apprehensions about availability of talent pool, but not any more. Today, there is dearth of space, infrastructure.” The one million sq.ft KGISL Park houses the promoter group companies such as KGFSL and KG Aerotech, apart from Perot Systems, Bosch and Cognizant Technology Solutions.

The KGISL Group has this time joined hands with India Land Ventures, part of the Americorp Group of Spain, to promote India Land KGISL Tech Park at the IT SEZ at Saravanampatti.

The first tower of this Rs 320-crore project is expected to be ready in August. ILVL would hold a 70 per cent stake in the JV, while KGISL would invest in land. “We expect a lead-time of three months between one block/tower and another. By July 2009, all four blocks would be ready,” says Mr Jayamurali.

The super built-up area of India Land KGISL Tech Park is expected at around 1.8 million sq.ft, spread in four self-sustaining towers. “It will be a high-rise building with nine levels, have separate utility service building, landscaped area and adequate car and two-wheeler parking space,” Mr Jayamurali said.

Singapore-based Precast Construction has been engaged in the construction of this tech park. “About 150 acres is available for processing under this SEZ. We are, however, looking to acquire additional land for support infrastructure and make the location self sufficient,” he said, adding “Saravanampatti area is emerging as both — an educational hub and IT corridor.”

To reduce pressure on infrastructure, the promoters have brought water from Velliankaadu, allocated separate space of about 2.5 acres for setting up a TNEB sub-station.

On bookings, he said “we have bookings for the first tower. IT companies want to see the space before making a commitment, and this is not unusual.”

PS: The video is a must watch as CNBC has come into our campus and have shot extensively