Companies in India's high-tech city of Bangalore are lapping up commercial space with the country's only joint venture IT park almost fully occupied, an official said Saturday.
Chong Siak Ching, president and chief executive of Acendas Pte and director of International Tech Park, Bangalore, said a new facility called Inventor, which was completed this month, already had 70 percent of space signed up by IT firms. Four other facilities are already fully occupied.
"This facility has taken the park's total built-up area close to two million square feet (185,800 square meters)," she told delegates at the launch of the facility.
"There are 100 companies in the park with employees totalling about 15,000," she said.
The 165-million-dollar park has been built by a consortium of Singapore-based firms led by Acendas Land Pte. Ltd jointly with India's Tata Inudstries and the southern Karnataka state, of which Bangalore is the capital.
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