Kochi: The 23rd meeting of the Board of Directors of the proposed SmartCity project at Kochi was held today even as the stalemate over the project continues with both the parties sticking to their demands. As expected, the meeting ended with no decision being taken on the contentious issue of giving 12 percent free hold rights.
This Board Meeting came after the nomination of Norka Roots Vice-Chairman and Director of Abu Dhabi Chamber of Commerce and Industry, M A Yousuf Ali as a mediator with the United Arab Emirates (UAE) authorities to resolve the logjam. This was also the first meeting after K Suresh Kumar took over as the Secretary of the Department of IT, Government of Kerala. Today’s brief meeting passed a resolution accepting the government’s nomination of Kumar as a member of the Board of Directors.
Talking to the media after the meeting, Fisheries Minister S Sarma who is also the Chairman of the Board of Directors of SmartCity Kochi project said, “The Government will under no cost deviate from the policy decision that no land in the project can be sold. The talks between Ali and UAE Authorities are progressing well and we expect to get a reply from them in about ten days”.
Fareed Abdulrahman, CEO, SmartCity said, “There was no question of compromising or negotiating on the original framework agreement. Compromise could have happened before the agreement and not after it.” He also added that, “the question of going legal or to an arbitrator is our last resort”. SmartCity will decide on the future course of action, including the possibility of adopting the legal route, within two months’ time.
Kerala IT News