Kochi info-tech venture not clinched

Tuesday, 25 January 2005, 08:00 Hrs
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THIRUVANANTHAPURAM: A Rs-15 billion info-tech venture at Kochi with Dubai Internet City is yet to be cleared, Kerala Chief Minister Oommen Chandy said Tuesday.

Chandy said the requirements put up by Dubai Internet City officials, who visited Kochi last week, for the Smart City project will be considered in the next cabinet meeting.

Smart City is expected to create 100,000 jobs.

"We are interested in the project but the interest of the state would not be overlooked," Chandy said.

Chandy said the state government has agreed to give 100 acres in Kochi free and another 200 acres at market value. The existing info-park in Kochi, spread over 100 acres, would also be handed over for the project at a price, which would be decided at the cabinet meeting.

Reports suggest that Dubai Internet City officials are pressing for more concessions in power and taxes.

Source: IANS
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