Processing .....please wait.. 
The article has been forwarded.... 
News >> Technology >>
Kerala to float IT infrastructure company
Tuesday, 11 December 2007, 20:30 IST
Thiruvananthapuram: The Kerala government will soon launch an IT infrastructure company, Chief Minister V.S. Achuthanandan said Tuesday.
"In the next financial year, a sum of 
500 million would be set aside for this company. The government will hold 51 percent share and the rest will be given out to private and public companies," he told reporters after the weekly cabinet meeting.
Elaborating on the new project, Joseph Mathew, IT advisor to Achuthanandan, told IANS that the concept was simple -- the state making some profits and not just facilitating the industry.
"A mere facilitating role does not bring in rewards to the government. So we decided that if we have a company, we can also make profit, similar to what the Dubai Internet City (DIC) is doing through its Smart City project at Kochi," said Mathew.
The Technopark campus here and Infopark campus at Kochi are both registered under the Charitable Societies Act, which prevents them from booking profits.
The proposed company would be on the lines of the state's first airport at Kochi built through a private-public partnership.
"We envisage an IT development programme that is spread across the state and not just concentrating at few cities. And it is here that the company's role would be significant. Like DIC, this new company would take up the role of developing IT infrastructure across the state," added Mathew.
Source: IANS
500 million would be set aside for this company. The government will hold 51 percent share and the rest will be given out to private and public companies," he told reporters after the weekly cabinet meeting.
Elaborating on the new project, Joseph Mathew, IT advisor to Achuthanandan, told IANS that the concept was simple -- the state making some profits and not just facilitating the industry.
"A mere facilitating role does not bring in rewards to the government. So we decided that if we have a company, we can also make profit, similar to what the Dubai Internet City (DIC) is doing through its Smart City project at Kochi," said Mathew.
The Technopark campus here and Infopark campus at Kochi are both registered under the Charitable Societies Act, which prevents them from booking profits.
The proposed company would be on the lines of the state's first airport at Kochi built through a private-public partnership.
"We envisage an IT development programme that is spread across the state and not just concentrating at few cities. And it is here that the company's role would be significant. Like DIC, this new company would take up the role of developing IT infrastructure across the state," added Mathew.
Source: IANS