Kerala will soon have one of world's most coveted trade facilitation centres with the Bengaluru-based Brigade Group developing the state's first World Trade Centre (WTC) on the Infopark Campus, here.
WTC is a trade facilitating body licensed by the New York-based World Trade Centres Association (WTCA). The Kochi centre, with a total workspace of 770,000 sft, will be the second such facility in South India, after Bengaluru. The first phase of the building will be completed by September this year while the second phase will be ready for operations by the end of 2016. When completed, the Rs 250-crore project is expected create 8,000 new jobs.
"TC in Kochi will give more thrust to IT/ITeS industries, given the city's growing significance as one of the most sought-after IT destinations in the country," P H Kurian, principal secretary for IT and industries told mediapersons here on Sunday.
WTCs are set up for the purpose of boosting international trade. Besides acting as knowledge centres for business houses, they also manage inbound and outbound delegation visits.
Founded in 1968, WTCA comprises about 330 World Trade Centres spread over 100 countries. Over a million international organisations are associated with these WTCs.
Vishal Mirchandani, CEO - retail & commercial, Brigade Enterprises Limited and P Balaram Menon, president, Bangalore WTC, also spoke on the occasion.
WTC is a trade facilitating body licensed by the New York-based World Trade Centres Association (WTCA). The Kochi centre, with a total workspace of 770,000 sft, will be the second such facility in South India, after Bengaluru. The first phase of the building will be completed by September this year while the second phase will be ready for operations by the end of 2016. When completed, the Rs 250-crore project is expected create 8,000 new jobs.
"TC in Kochi will give more thrust to IT/ITeS industries, given the city's growing significance as one of the most sought-after IT destinations in the country," P H Kurian, principal secretary for IT and industries told mediapersons here on Sunday.
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"The project will be a major game-changer for Kochi, the commercial hub for the state. The trade centre will also help IT companies here boost their exports and expand business to countries wordwide while attracting global IT giants to Kochi," Infopark CEO Hrishikesh Nair said.
WTCs are set up for the purpose of boosting international trade. Besides acting as knowledge centres for business houses, they also manage inbound and outbound delegation visits.
Founded in 1968, WTCA comprises about 330 World Trade Centres spread over 100 countries. Over a million international organisations are associated with these WTCs.
Vishal Mirchandani, CEO - retail & commercial, Brigade Enterprises Limited and P Balaram Menon, president, Bangalore WTC, also spoke on the occasion.