History
In January 2007, the Government of Kerala announced its decision to promote Kozhikode as an IT hub. The proposal to set up an IT park in Kozhikode came in the announcement of the State Government's IT policy made by Chief Minister V.S. Achuthanandan. Soon after the proposal, a convention under the auspices of Calicut IT Initiative (CITI) in Kozhikode was organized. The CITI includes representatives of the Malabar Chamber of Commerce, Calicut Forum for IT (CAFIT), IIM-Kozhikode, Calicut Management Association, Kerala Builders Forum and NIT-Calicut among others. The name Cyberpark was suggested by the convention. An appeal was also made to the Calicut Corporation to include the IT Park in the master plan that was being prepared for the city. At this convention, many companies, including IBS, US Technology, NeST Software and Leela Group offered to set up their units in the Kozhikode IT unit. By March 2008, official sources pointed out that already over 10 companies have shown interest in starting their organizations in this IT Park. The Park Centre of Cybercity Kozhikode was formally opened by Industries Minister P.K. Kunhalikuttty on 15 February 2014. The project is expected to be completed in 2015. The Company incubated from Business Incubator TBI-NITC. On the same day, three new companies have also logged into the Smart Business Centre at Sahya – Zinfog Codelabs Pvt. Ltd., Limenzy Technologies Pvt. Ltd. and Ontash India Technologies. Hrishikesh Nair inaugurated the Smart Business Centre. Cyberpark hosts a number of information technology and IT-enabled services companies in its Sahya building and smart business centers. As of 2026, there are 150+ firms operating in the park. The area under lease has gone up from 8 per cent in 2017–18 to 73 percent in 2020–21. The number of employees is 850. Software exports marked an increase of nearly 390% from ₹3,01,71,390 in 2017–18 to ₹14,76,10,856 in 2019–20. The SEZ approval for Sahya building was pivotal in this growth. ==Expenditure==
Expenditure
The Government expenditure towards the land acquisition for Cyberpark is estimated to be around 430 million INR and planned spoke-parks in Kannur and Kasaragod are estimated to cost 1.50 billion INR each, spread over a five-year period. Total investment by the government will exceed 2.50 billion INR over the next two years. ==References==