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Home » Track Kerala » JB Group IT park in Kochi, Kerala (Infiniti Consulting Corporation)
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JB Group IT park in Kochi, Kerala (Infiniti Consulting Corporation)
Posted Date:
13 Mar, 07
Last Response Date:
13 Mar, 07
Total Responses:
0
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Infiniti Consulting Corporation Limited, a Hong Kong-based company, has evinced interest in setting up an Info Park in Kochi. Discussions were held with the Chief Minister at Thiruvananthapuram last week. The terms and conditions offered by the company were said to be attractive to the State Government. The Hong Kong-based company envisages the project for IT and ITES development and has stated that seventy per cent of the 100-acre land required would be utilised for IT infrastructure development. "Since IT is a human resource centric industry, we also propose to develop allied facilities such as residential blocks, hotels, huge water treatment plants, power distribution systems etc, in the proposed park," said the company in a communication to the Government.
The company has offered 26 per cent equity participation to the Kerala Government in the joint venture vehicle. The company has also offered Rs.85 lakh per acre for the land at Kochi. The terms, the company claimed, were better than what was offered by the Dubai Internet City, especially in the spheres of Government equity, land utilisation for IT and fast track development plan.
Infiniti Consulting Corporation is a JB group company and is in the real estate and investment consultancy sector.
JB group came into being in 1965 and its activities include diamond cutting, polishing, distribution and marketing, jewellery manufacturing, investment in property and mining. It has ongoing projects in Goa where a 200-acre multi-component project, consisting of a 260-room five star deluxe resort, 200 high-end residential villas and apartments, is coming up.
It is a Rs.1200-crore project. The company is also developing commercial and residential projects in Mumbai, Surat, Hyderabad, Pune and Bangalore.
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Recent Developments on 'JB Group IT park in Kochi, Kerala (Infiniti Consulting Corporation)'
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| Smart Guy
| Posted Date: 3/13/2007 9:06 AM
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13 Mar 2007: Initial talks with chief minister
JB group representatives had the initial talks with Kerala chief minister V S Achuthanthan today. JB Group is looking for 100 acres of land in Kakkanad, Cochin.
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