India’s Trimax IT to invest Rs 3.5 bn in Technology Park at Hambantota

Trimax IT Infrastructure and Services Ltd, India will invest a staggering Rs. 3.5 billion to build a Saki Knowledge and Technology Park in Hambantota. The construction of the complex would commence in six months.

Surya Prakash Madrecha, Chairman and Managing Director, Trimax IT Infrastructure & Services Ltd India speaking to Daily News Business said that the company will also open a regional office next week in Colombo and another in Hambantota in two months time.

Surya Prakash Madrecha, Chairman and H. M. Gunasekara, Secretary, Ministry of Telecommunication and Information Technology, exchanging the agreement. M. M. C. Ferdinando, Chairman/Director General, Board of Investments and Ashvanni Srivastava, Head International Business and Healthcare Practice, Trimax look on . Picture by Roshan Pitipane

He said that Sri Lanka has one of the fasted growing economies in the world and this was one reason for us to invest in Sri Lanka.

“We have investments is many countries and this is our biggest overseas investment commitment,” he disclosed. “This investment is a for a long term period and we hope to breakeven in five years,” he added. The Saki Data Centre will provide shared, secured and managed infrastructure for consolidating and hosting national level applications with a view to provide government-to-government, government-to-citizen and government-to-business services which would be fast, efficient, trustworthy and also provide a managed environment for citizens and businesses to conduct secure transactions.

This constructive Public Private Partnership between India and Sri Lanka will facilitate the creation of a lasting legacy for Hambantota, the district and the country as a whole. This will aid in promoting social, economic regeneration as well as make Sri Lanka a technology hub for all of Asia.

The signing ceremony between the two parties was held yesterday and H. M. Gunasekara, Secretary, Ministry of Telecommunication said that their target is to attract one billion IT related FDI to Sri Lanka by 2016. “We hope to attract a further 100 investors to this proposed 10 acre park by 2016,” he said.

M. M. C. Ferdinando, Chairman/Director General, Board of Investments said that they would offer A special tax holiday and other incentives mainly due to the high value of the investment.

Trimax comes with a vast experience in establishing, operating and maintaining Data Centres for various government bodies and enterprise sectors across India. Trimax had set up its first Data Centre, spanning 120,000 sq ft, in Bangalore with ITI Ltd. on a PPP model. Its clientele in the Data Centre space ranges from Life Insurance Corporation of India, for which Trimax has built 31 Data Centres for the Jammu & Kashmir government, for which it is establishing a State Data Centre. Trimax also has its own state-of-the-art Tier III Data Centre in Mumbai.

Trimax, a 156.8 million US $ company with 11 offices, 600+ support locations and over 1,600 employees in India is making a total investment of around Rs 3,500 million towards the Saki Data Centre project.

Trimax offers end-to-end services in the IT Infrastructure space such as Managed Network Services, Data Centre, Host, Build and Co-location Services, Remote Infrastructure Management, Facility Management Services, Application Services, Business Intelligence Services, Cloud applications on SaaS & IaaS models. Trimax also provides customised solutions in e-Governance, transport, banking & financial services.