Renowned NRI businessman MA Yusufali has been appointed to the Board of Directors of the UAE government’s Zakat Fund. The decision to appoint Yusufali at the top post was taken by the UAE Federal Government, thus making him the first Indian to decorate the position. The tenure is for three years.

The appointment of Mr Yusufali will be highly helpful for the functioning of the Zakat Fund, said Board Chairman and Minister of Justice Dr Hadif bin Juvan al Dahiri, according to reports. Eleven renowned UAE citizens have also been included in the Director Board. The Zakat Fund was launched by the UAE government in 2004 to spread the importance of the Zakat in the society and thus to strengthen human values and relations. The government reportedly allots lakhs of UAE Dirhams annually for it.

Mr MA Yusufali is the MD of the Emke Group based in Abu Dhabi which has diversified itself into several areas such shopping malls, super markets, department stores etc. The business empire of this Keralite hailing from Thrissur is spread over 29 countries in Asia and Africa, the major share being in the Gulf countries. His company is building the biggest shopping mall and convention centre in India which will reportedly be opened in Kochi in 2012.
Jobs in Smartcity KochiFinally, smart opportunities have come knocking at the doors of job hunters in Kerala. Putting an end to the wait for starting the construction works of Smart City Kochi, Tecom, the promoters of the project, has invited applications to various top posts for carrying out the work.

According to, the official website of Tecom, the company wants a construction manager, document controller and senior engineers for design, mechanical and engineering services, buildings, infrastructure and cost control.

Kochi is set to become a predominant destination for the information and communications technologies (IT/ITES) industries. Being developed as a joint venture between SmartCity, a member of Tecom Investments, and the Government of Kerala, SmartCity Kochi will be home to vibrant knowledge-economy communities worldwide, anchored by leading local, regional and global companies, the site says.

To assist in achieving this vision, SmartCity Kochi is currently recruiting resultoriented, self motivated and dynamic professionals in these disciplines, the website says.

It was after clearing many hurdles that the Tecom and the Kerala Government signed a fresh lease agreement giving a new lease of life to the Smart City Kochi on February 23. Then, on March 2, the Union Government issued a special economic zone (SEZ) notification for 131 acres of the 246 acres handed over to Smart City project. The Union Government had already given the final SEZ approval for the 131 acres. The state government has started measures to secure SEZ status for the balance 115 acres.
Tecom had made it clear that the construction work would begin immediately after the issuance of the SEZ notification.

The construction of the boundary wall and the administrative block will be started on the 131 acres of land for which the SEZ notification has been issued. The works of the master plan for the project has almost been completed.


Kochi to get country's first health mall

A one-stop solution for all medical and health needs -- from doctors, hospitals, ayurveda centres, pharmacies and even insurance referral units -- will open in a 10-storied mall in this Kerala city.

The BCG group, a Rs.500-crore business conglomerate, is building the country's first multidisciplinary health mall here and it will be open by August, a company official said Thursday.

Spread over 110,000-square feet, the mall will include retail stores dealing with pharmacy, optical ware, skin care products, cosmetics, ayurvedic, herbal, organic, health foods, health and medical equipment, Rekha C. Babu, CEO of BCG Group, told reporters.

A separate floor will be for allied services where medical colleges, hospitals, ayurvedic centres and insurance companies can set up their referral centres.

SEZ status for 132 acres in Kochi SmartCity

The Central Government Tuesday issued a directive assigning Special Economic Zone (SEZ) status for 132 acres of land at the proposed Kochi SmartCity site. The rest of 114 acres of land will get the SEZ status in ten days.

Following this, SmartCity promoter Tecom will launch construction activities at the project site.

The SmartCity