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Ernst & Young signs MoU with Kerala Industrial Infrastructure Development Corporation

THIRUVANANTHAPURAM: Kerala Industrial Infrastructure Development Corporation (KINFRA) has inked a memorandum of understanding (MoU) with Ernst and Young Global Shared Services (EY-GSS) to improve the facilities for the IT Enabled Services at the Special Economic Zone (SEZ) of KINFRA Film and Video Park, here in the city.

With this agreement, EY-GSS will open up its third facility, in addition to its existing facilities in Infra Park, Kochi and at Technopark, Thiruvananthapuram. This third facility, investing $3 million, will generate over 1,000 jobs. The new project will be developed in a 60,000 square feet built up area as part of its expansion plan at the SEZ developed by KINFRA Film and Video Park, a 100% owned subsidiary of KINFRA in Kazhakkuttam.

The MoU was signed between Tim Eddy, Global vice chair, EY-GSS and S Ramnath, managing director, KINFRA at Kovalam here on Saturday in the presence of industries and IT minister P K Kunhalikutty and IT secretary P H Kurian. GSS- Cummins Business Services (CBS) global director Mala Garg, GSS-CBS Global Service Delivery leader Deepak Swaroop and EY-GSS innovation and research director and EY GSS Kerala leader Binu Koshy were also present.

“Kerala is the only state which offers a single window clearance to industries, making it an ideal ground for companies such as E&Y to quickly start their activities in the SEZ. It is good to see global firms taking advantage of the excellent infrastructure and support we offer,” said Kunhalikutty. He said the government took effective steps towards attracting investments to Kerala.

Tim Eddy said, opening a third facility for GSS Kerala is significant to E&Y’s strategy. “We already have highly-skilled professionals in our Kerala centre, providing key services to the organization. This new facility will serve our growth needs very well, enabling us to expand to meet the increasing demand for our services,” he added.

GSS Kerala is a wholly-owned subsidiary of Ernst & Young with staff strength of 1,254 at its centers in the state. “Kerala has a large talent pool of IT resources, and we are keen to tap it,” said Binu Koshy.

KINFRA managing director S Ramnath said KINFRA had a track record in mentoring a number of progressive enterprises to set up its facilities in their Industrial Parks. “Its Film & Video Park is no different but focuses on the infotainment business and has a unique advantage for animation industry as it houses the first motion capture studio and proposes to set up an international animation school to train future animators. This speaks volumes on the immense opportunities offered for successful partnerships to strike roots and flourish in an investor-friendly environment,” he said.

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Posted by on Apr 22 2012. Filed under Kerala News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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