Ernst Young Global Shared Services Kerala is taking up 60,000 sq ft of built-up area at the Kinfra Film and Video Park Special Economic Zone (SEZ) here.
Kerala Industrial Infrastructure Development Corporation (Kinfra) and EY Global Shared Services Kerala signed a memorandum of understanding to this effect.
Kinfra Film and Video Park at Kazhakkootam near here is a fully owned subsidiary of Kinfra.
Mr Tim Eddy, Global Vice-Chair, EY Global Shared Services (GSS), and Mr S. Ramnath, Managing Director, Kinfra, signed the MoU.
Present at the ceremony were Mr P. K. Kunhalikutty, Minister for Industries and IT, Kerala; and Mr P. H. Kurian, Principal Secretary, IT.
EY were represented by Ms Mala Garg, Global Leader; Mr Deepak Swaroop, Global Service Delivery Leader; and Mr Binu Koshy, Leader, Kerala, and Director, Innovation and Research.
GSS Kerala is a wholly owned subsidiary of EY. It has a headcount of 1,254 and has facilities at Technopark, Thiruvananthapuram; and Infopark, Kochi.
There are six GSS centres distributed across Bangalore, Gurgaon and Kerala in India, and China, Poland and Argentina. GSS Kerala was set up in 2002 in Technopark.
According to Mr Eddy, the State Government has been able to take effective steps in attracting investments.
Opening a third facility for GSS Kerala was important to EY’s strategy, he said. “We already have highly-skilled professionals in our Kerala centre.
“This new facility will serve our growth needs very well, enabling us to expand to meet the increasing demand for our services,” he added.
Mr Kunhalikkutty claimed that Kerala continued to be the only State which offers single window clearance to industries.
“This makes it the ideal ground for companies such as EY to quickly start up their activities in the SEZ.
“It is good to see global firms taking advantage of the excellent infrastructure and support we offer,” he added.