Elecbits Proposes ₹100 Crore Investment at Technopark Phase IV

Azoox Technologies (Elecbits) has submitted an Expression of Interest (EOI) for a long-term lease of 4.62 acres of land at Technopark Phase IV (Technocity), Thiruvananthapuram, to establish a Design & Prototyping Centre.

The proposed project involves an investment of ₹100 crore, excluding land value, and the development of 2,00,000 sq. ft. of IT built-up space.

The facility is projected to generate 400 direct employment opportunities by 2030, increasing to 1,000 upon full development, with 80% of the workforce expected to be recruited locally.

The proposal represents a potential addition to Keralam's growing technology ecosystem, supporting infrastructure development, innovation and skilled employment.

Technopark welcomes Elecbits' investment proposal and extends its support towards facilitating the proposed development at Technocity.