In the second phase development, the government plans to set up a 200,000-square feet IT building, incorporating the green building concept.

'This new signature IT building will be designed to provide a beautiful and inspiring atmosphere and once complete there would be more than 6,000 professionals working at the Koratty IT park,' Bhattacharya said.

In May last year, the state government announced that IT level parks would be developed under private-public partnership model in all 14 districts.

In the first phase, IT parks would come up in Kollam, Alappuzha, Thrissur, Kannur and Kasaragod districts.

Currently, IT companies operating in the state are based either at the Technopark or Infopark.

Nearly 150 companies are operating in the Technopark. They employ close to 20,000 people, while around 40 companies that employ nearly 8,000 people are in the Infopark.