CEO’s Report – Cyberpark
After the tremendous success of Technopark & Infopark, inception of Cyberpark has become inevitable. The park will be dedicated for the state towards promotion of IT/ITeS sector catering to the entire northern part of Kerala and will serve as a major hub for the Malabar region. Kozhikode as a location has its own advantage being a commercial hub in the Malabar region and the launch of Cyberpark will be an value addition and a brand recognition for the state as a whole. Moreover the IT /ITeS companies are working in tandom spread across Malabar region currently, all continous efforts will be done to bring them under one roof and a major initiative of promoting Cyberpark is underway targeting SMES and multinational companies globally.
Cyberpark will serve to be an IT hub with brand equity in the coming years with a complete sustainable ecosystem and all measures will be taken to preserve and retain the natural ecosystem with a complete 24 X7 security systems in place like Other parks. The IT park will evolve to be a brand identity in the coming years for the IT/ITeS Sector and will be a centre of excellence for the emerging technologies and innovations in sectors like Mobile Applications, Cyber securities etc. We are working on roping in majors like IAMAI which will boost the entrepreneurship development in the Mobility sector in Malabar region.
Financial status of Cyberpark in nut-shell is as follows :
Revenue has decreased to Rs 98 lacs, while Expense increased to Rs 1.5 crores. Net Deficit after Fin cost and Bank loan interests came up to Rs 84 lacs, while after Depreciation of Rs 55 lacs, we clocked an Expense over Income of Rs 1.4 crores.
( The funds on hand was fully utilised for new IT building construction, while the revenue has not come in yet. Hence the status. For detailed analysis, Financial Audit report is attached )
The major focus for this financial year will be the completion of first IT building measuring around 3 Lakhs Sq.ft in a 45 acres KSITIL campus with a mix of SEZ and domestic tariff area with all supporting infrastructure facilities like power, water, Internet connectivity etc within the turn around time. As the project is running as per the schedule and nearing completion, the first IT building will be launched in the beginning of the FY 2017-18.
I would like to thank the Government for all the support and the team all the very best in the coming years.