SmartCity Kochi Board meeting today

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Kochi: The next Board of Directors meeting of the SmartCity Kochi project will be held today at the Ramada Hotel in Kochi. The last meeting of the Directors Board of SmartCity Kochi was held on March 29, 2010. Today’s meeting comes in the backdrop of the Chief Minister saying that the uncertainty of the project would be over within days. He said this yesterday while inaugurating the Atulya, the new building at Infopark.

The CM also said that the failure of the SmartCity project to come up has not caused much loss to the state as the rapid growth of Infopark has compensated for the same.

The last meeting, held as required under the statutory requirements of the Companies Act, discussed audit reports and the fine points of government intimations. The meeting did not take any decision on outstanding issues, including the right to freehold land for the promoters.

While today’s meeting also will be held on similar lines, Fareed Abdul Rehman, CEO of Tecom, the promoters of the proposed SmartCity Kochi has clarified that they haven’t stepped back from the much delayed project. They were still hoping that the Kerala Government would express their willingness to hold talks with the company. He had also said the company was prepared to launch the construction work soon if all the conditions in the framework agreement including the Special Economic Zone notification, registration of lease agreement and stamp and registration duty exemptions were met.

Recently, Kris Gopalakrishnan, CEO & MD, Infosys who was in Trivandrum in his capacity as the Chairman of CII, Southern Region, had commented that the inordinate delay in the SmartCity Kochi project was sending wrong signals about Kerala’s image across the world. According to him, there is no debate about the need for SmartCity. Kerala needs several such projects like the SmartCity to come up so that there is competition and there are multiple opportunities for businesses to invest.

Meanwhile in another development, SmartCity Malta unveiled two new office blocks, SCM02 and SCM03 last week. The first block SCM01 was launched earlier. SmartCity Malta is a self-sustained industry township for knowledge-based companies located in the Ricasoli Estate in Malta to be developed by SmartCity, in partnership with the Government of Malta. With a minimum investment outlay of US $ 300 million, the project is expected to generate 5,600 jobs and create a total of 158,830square meters of office space to host ICT and Media operators.

Anil Philip
Kerala IT News

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