Kochi: 'Tech Towers', the Rs 20 crore multi-functional business centre, being set up on the lines of Tidal Park in Chennai, and providing all facilities under one roof to entrepreneurs, will be launched by the state Industries and Information Technology (IT) Minister, P K Kunhalikutty, on May 10.

The towers, claimed to be the tallest structure in Kerala when completed, would combine a synergy of strengths, the global resources of advanced control technologies, world class solutions and services, Roy M Mathew, chairman, Mini Muthoottu, the project promoters, said.

Unlike the IT and Kerala Industrial Infrastructure Development Corporation (KINFRA) parks, which covers a larger area, the 'Tech Towers', being built in 1.25 lakh square metres, and situated in the heart of Kochi city, would provide all facilities under one roof, including air conditioning, power and water supply and furnishing to the entrepreneurs.

Mathew said they were aiming at leasing out space to entrepreneurs instead of outright sale. The building can house at least 15,000 workers at a time. The accessibility to the building will be regulated by 'smart cards', he said.

The 23-floor towers are expected to be commissioned by May 31.

The project, which had been showcased at the global investor meet held in January, had received good response at the meet.

PTI