Ascendas India is the subcontinental arm of Ascendas Pte Ltd, Asia’s leading provider of business space solutions. The company is widely known for the development of the economic magnet International Tech Park Bangalore (ITPB), around which the posh suburb of Whitefield flourishes.
The 69 acre hi-tech facility houses information technology, biotechnology, electronics, telecommunications, R&D, and other IT-related companies that have spearheaded Bangalore’s growth to become India’s Silicon Valley.
Ascendas’ ‘work-live-play’ philosophy leads to a vibrant work culture
ITPB was conceptualised as a government-to-government bilateral initiative in 1992 by the then Prime Ministers of Singapore and India, Goh Chok Tong and P. V. Narasimha Rao. With an investment of Rs 970 crore (US $220 million), ITPB has developed 2.3 million sq ft of prime IT space over 20.3 acres. Round-the-clock business continuity is assured with seamless telecommunication networks, optical fibre connectivity and a dedicated power plant.
Ascendas has further plans to develop 3 million sq ft of business space over 26 acres of notified IT/ITES SEZ land within ITPB. This is expected to cost an additional Rs 705 crore (US $180 million). A five star business hotel and Built-to-Suit (BTS) facilities within the Park are also underway. This top-line facility managed by Ascendas has become the benchmark of excellence for IT parks across India. More than 140 firms employing over 20000 tech savvy professionals have made ITPB their preferred business address.
Ascendas continues to offer integrated business spaces that give its clients an edge. The V and CyberPearl in Hyderabad and the International Tech Park Chennai (ITPC) mirror the success of ITPB. It is now developing International Tech Parks in Pune and Nagpur. In addition, CyberVale, an IT SEZ within Mahindra World City near Chennai is under development.