Deal signed to set up SmartCity Kochi


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Ahmad Bin Byat, executive chairman of Tecom Investment and Lizzie Jacob, chief secretary of Kerala has signed the final agreement to eastablish SmartCity Kochi.

Deal signed to set up SmartCity Kochi

Thiruvananthapuram, India:The much-awaited $350 million-SmartCity Kochi project between the Government of the Indian state of Kerala and SmartCity, a joint venture between Tecom Investments and Sama Dubai was inked here on Sunday.

The project, aimed to put Kerala on the global IT map, is being signed nearly three years after it was first mooted. The agreement was inked by Ahmad Bin Byat, executive chairman of Tecom Investment, and Lizzie Jacob, chief secretary of Kerala.

Smart City, to be set up in Kochi, is a joint venture company of Tecom Investments and Sama Dubai. Speaking on the occasion, Ahmad Bin Byat said Smart City would be home to the best companies of India and abroad. "This project would certainly put Kerala on the global IT map. It would just not be the IT sector alone that would benefit but others too," said Byat.

"This is a historic ceremony and a happy occasion for me. This has materialised after long discussions and would be mutually beneficial and economically a boost for Kerala. More importantly this would strengthen the relationship between Kerala and Middle East," said a beaming Achuthanandan, chief minister of Kerala.

The project would have 8.8 million square feet of building of which 70 per cent would be for IT and IT enabled services.

Kochi will join Malta as the first two members of a global network of knowledge-based industry townships that Smart City seeks to create. Last month, SmartCity signed an agreement with the Government of Malta to establish SmartCity Malta, a business township to be located in Ricasoli, Malta.

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3 comments:

Kuruvilla said...

And after more than a year all we hear is "it is going to come". And for the past year they have been saying "Work will start in 3 months". I really wounder if any of this will ever materialize.

Anil said...

Dear Mr. Kuruvilla,

Have you ever heard of Left doing any constructive action in Kerala... that may happen in West Bengal...not in Kerala. All what they did in Kerala... is that they signed up the deal after 1 year of delay, claiming to be saving Rs.30 Cr. If it were executed a year back, the corporate tax, employment direct as well as indirect, add everything... has caused a loss of hundreds of crores to people as well as the government.... Do you think, they have the ability to think constructively....

Anonymous said...

IT IS A WIN WIN SITUATION FOR BOTH PARTIES .

WHILE DESIGNING MASTER PLAN , WE have to keep in mind EGYPTIAN , ROMAN, ARABS , JEWS ,the PORTUGUESE , the DUTCH , the FRENCH , CHINESE , BRITISH etc INFLUENCE ON COCHIN . previously , it is a COLONIAL PAST ; now it is HERITAGE CAMPAIGN .

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