Tecom to pump in more funds for Smartcity Kochi

Tecom, the promoters of the SmartCity Kochi project, is in the process of pumping in more funds to take the project forward.

While Emirates NBD, a leading banking group in UAE, will be main financier, support finance is being sought from the Industrial Development Bank of India (IDBI) Bank.

IDBI Bank had consulted one of the director board members of SmartCity Kochi to evaluate the feasibility of the project. The bank is said to have received a positive feedback.
Dr Baju George is the new Smart City Kochi CEO In an effort to expedite the works of Smart City, Kochi, the Tecom has decided to appoint Baju George as the managing director of the project.

It was the five-member committee headed by the supreme council of Dubai Holdings, the parent company of the Tecom, that selected Baju George as the managing director.

The SmartCity