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Kerala's cyber city foundation to be laid Saturday
Thursday, 17 January 2008, 20:30 IST
Kochi: Kerala Chief Minister V.S. Achuthanandan on Saturday will lay the foundation stone of the 
40 billion ($1 billion) cyber city to be built here by the Housing Development and Infrastructure Limited (HDIL), through its subsidiary Blue Star Realtors.
"By constructing HDIL cyber city, we propose not only to create a world class IT hub in Kerala but also to provide 60,000 direct and 150,000 indirect jobs at Kochi. This is our small and humble gift to the people and state of Kerala," Rakesh Kumar Wadhawan, chairman of HDIL, told reporters here Thursday.
The proposed city will come up on a 70-acre land at Kalamassery, around 20 km from here, and is billed as the state's first integrated IT township having IT/IT enabled services, residential apartments, schools, shopping malls, multiplex, and a star hotel.
The township is to come up in two years. Kochi has been ranked as the second most favoured IT destination by the NASSCOM.
NASSCOM has projected that nearly 500,000 IT job opportunities in Kerala.
HDIL is one of the largest real estate development companies in India with a market capitalisation of nearly 250 billion ($5 billion).
Source: IANS
40 billion ($1 billion) cyber city to be built here by the Housing Development and Infrastructure Limited (HDIL), through its subsidiary Blue Star Realtors.
"By constructing HDIL cyber city, we propose not only to create a world class IT hub in Kerala but also to provide 60,000 direct and 150,000 indirect jobs at Kochi. This is our small and humble gift to the people and state of Kerala," Rakesh Kumar Wadhawan, chairman of HDIL, told reporters here Thursday.
The proposed city will come up on a 70-acre land at Kalamassery, around 20 km from here, and is billed as the state's first integrated IT township having IT/IT enabled services, residential apartments, schools, shopping malls, multiplex, and a star hotel.
The township is to come up in two years. Kochi has been ranked as the second most favoured IT destination by the NASSCOM.
NASSCOM has projected that nearly 500,000 IT job opportunities in Kerala.
HDIL is one of the largest real estate development companies in India with a market capitalisation of nearly 250 billion ($5 billion).
Source: IANS