"Our effort is to make Kerala a prominent destination for international companies to invest," Chandy said after inaugurating the two-day 'India Information Technology Summit-2012' here.
Schemes would be formulated to overcome issues inhibiting the growth of the Information Technology sector and to create an investment climate, he added.
As part of the new initiatives, Information Technology Special Investment Regions would be set up at Kozhikode, Kochi and Thiruvananthapuram, while a new knowledge hub would be set up at Malappuram, he added.
Asserting that the upcoming 'Smart City' Information Technology park in Kochi will be implemented in a time-bound manner, Chandy said the project, when completed, is expected to provide jobs to one lakh people.
Outlining the strategies for the Information Technology sector, State Industries Minister P K Kunhalikutty said various subsidies would be granted to Information Technology companies to ensure smooth operations and revenue generation.
Another initiative to aid Information Technology growth will be the development of a 'Technocity', he said. The Technocity is being developed across 450 acres in Pallipuram, about 5 km from the Technopark campus, on the NH-47 to Kollam, he said.
Confederation of Indian Industry Vice-President and Infosys Executive Co-Chairman S Gopalakrishnan said the Information Technology sector was in a transition period.
"The Information Technology sector is at a very important point," he said, adding that it was shifting from "Persocal Computer-based applications to mobile-based technology."
The two-day event has been organised by Confederation of Indian Industry, Kerala, with over 300 delegates taking part.
List of IT Parks and Cities developed in the NH47 stretch of Trivandrum, Kollam,Alleppy and Kochi.
1.PROJECTS > TECHNOPARK - TRIVANDRUM
2.PROJECTS > TECHNOPARK -... PHASE II
3.PROJECTS > TECHNOPARK - PHASE III
4.PROJECTS > TECHNOPARK - TECHNOCITY
5.PROJECTS > TECHNOPARK - KOLLAM
6.PROJECTS > INFOPARK - AMBALAPUZHA
7.PROJECTS > INFOPARK - CHERTHALA
8.L&T Tech Park Ltd-KOCHI
9.Muthoot Technopolis -KOCHI
10.PROJECTS > INFOPARK - KOCHI
11.PROJECTS > INFOPARK - KOCHI-PHASE II
12.Smart City- KOCHI