Smart city Kochi: Muthoot Pappachan Group expresses interest

Kerala-based Muthoot Pappachan Group has expressed interest in taking over and developing the Smart city project. The board which met on Thursday morning took this decision. The Muthoot Group had earlier shown interest in the project at the time of its inception.

The decision by Muthoot comes after the Chief Minister V S Achuthanandan cast doubts on the financial ability
of Dubai-based Tecom to develop the joint venture park. The Muthoot Group said that it is ready to deliver the estimate of project cost if the government needs it.

Earlier, in a statement issued in Dubai, Tecom CEO said if the Chief Minister had any doubts about the financial position of the company and its commitment to the project he could visit its campuses in Dubai to get himself convinced.

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