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Facts about Kochi Smartcity
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This articles gives a summary of facts about the Kochi Smartcity project.
About Smarticty project
Smartcity Kochi is an IT infrastructure project proposed to be setup in Kochi, Kerala, India
Kochi SmartCity will be promoted by the Dubai based company "SmartCity" and the government of Kerala. Dubai based "SmartCity" is a joint venture company promoted by Dubai Holding members, TECOM Investments and SAMA Dubai, backed by the Dubai government.
Smart City will be an exclusive IT zone where foreign companies can easily set up offices without any stringent formalities of registration and licensing.
Smart city willcould include office space, residences, schools, shopping complex, parks, entertainment complex etc.
The initial proposal was to setup the Smartcity in 1000 acres of land. However, only 246 acres of land is offered currently. The land will be given on lease for 99 years.
Smart City (Kochi) Infrastructure Pvt Ltd
A company called "Smart City (Kochi) Infrastructure Pvt Ltd" is registered in India with Dubai based Tecom investments and Kerala Government as major partners
The initial share of Kerala government in the Smart City (Kochi) Infrastructure Pvt Ltd will be 16% which will go up to 25% at a later stage.
The directory board will have 10 members. 2 directors will be nominees of Kerala government. Kerala government will recommend the Chairman of director board.
Who is Who in Smartcity
Kerala Fisheries Minister S. Sarma is the Chairman of Smart City (Kochi) Infrastructure Pvt Ltd
Abdullatif-Almulla, CEO of Tecom Investments, Dubai, is the Vise Chairman of Smart City (Kochi) Infrastructure Pvt Ltd
History
SmartCity project was originally proposed during the tenure of Mr A K Antony as chief minister of Kerala
Next chief minister Mr. Oommen Chandy took lot of interests to bring TECOM Investments to Kerala and make sure Kerala will not lose the SmartCity project
Even though V S Achuthananthan as an opposition leader was not in favour of welcoming the SmartCity project, he played a key role as chief minister in making Tecom Investments to agree to most of the demands he raised when he was the opposition leader.
Smartcity is expected to generate around 100,000 jobs in Kochi
Memorandum of Understanding (MoU) for Smartcity was signed on 9 September 2005
Related Resources:Read related articles: Smartcity
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