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Cochin airport to launch IT park
Friday, 10 November 2006, 20:30 IST
Kochi: The Cochin international airport, India's first airport built under public-private partnership, will soon launch an IT park near its premises to ride the boom in the knowledge sector.
"The in-principle clearance to launch an IT park by the Cochin International Airport Ltd (CIAL) has been given and the manner in which it should happen would be taken up at our next meeting to be held at Thiruvananthapuram Nov 17," said Kerala Fisheries Minister S. Sarma told reporters here after the CIAL board meet here Thursday.
CIAL had appointed consultancy firm Ernst & Young to conduct a preliminary study and it had given its go ahead. The IT park is to come up on a 33 acre plot of land near the airport at Nedumbassery on the outskirts of Kochi.
The CIAL board has also recommended a dividend of 10 percent for the last fiscal on a paid-up capital of 
1.48 billion. Its net profit went up to 300 million in 2004-2005 from 280 million in the previous fiscal.
The meeting was chaired by Chief Minister V.S. Achuthanandan, who is also chairman of the board.
The traffic at the airport has picked up from 76 flights a week in 1999 to more than 200 flights now.
CIAL was formed as a public limited company with equity participation by the state government and non-resident Indians (NRIs).
Source: IANS
1.48 billion. Its net profit went up to 300 million in 2004-2005 from 280 million in the previous fiscal.
The meeting was chaired by Chief Minister V.S. Achuthanandan, who is also chairman of the board.
The traffic at the airport has picked up from 76 flights a week in 1999 to more than 200 flights now.
CIAL was formed as a public limited company with equity participation by the state government and non-resident Indians (NRIs).
Source: IANS