Kerala Chief Minister Oommen Chandy on Thursday said his government would consider reducing the operating costs of IT companies functioning out of state-owned IT parks to attract more investment.

The CM said that special investment regions for IT will be set up in Thiruvananthapuram, Kochi and Kozhikode, as part of making the State a preferred destination for investments. Emerging Kerala will project Kerala as good investment destination, investment friendly environment will be created, CyberPark in Malabar region and SmartCity Kochi will change the face of IT in Kerala, will supplement Technopark and Infopark.

"This is part of the strategy of the state government to attract the major chunk of the Rs.10 lakh-crore business turnover expected from IT sector in 2020 to Kerala," said Chandy, inaugurating the India IT Summit 2012 -- Business Strategies for Non-Linear Growth. He said a single window network for various clearances will also be introduced.

The current rates in IT parks across the state vary from Rs 15 per sq.ft to Rs 30 per sq.ft depending on the facilities provided by the state government in the various IT parks including the Technopark in the state capital, Infopark at Kochi and the IT park at Koratty.

"Kerala's IT industry has built up valuable brand equity for itself in the global markets. To tap the emerging potential the state government will ensure single window clearance for projects worth more than Rs.100 crores," said Kunhalikutty.