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Home » Track Kerala » Shobha Group Hi-tech City at Kochi (IT Park)
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Shobha Group Hi-tech City at Kochi (IT Park)
Posted Date:
07 Nov, 06
Last Response Date:
21 Aug, 07
Total Responses:
1
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The Kerala Government received a proposal from the Bangalore based Shobha Group for setting up a Rs. 5,000 cr International Hi-tech City near the Cochin International Airport. The proposed hi-tech city will be spread over 300-400 acres of land, which will be acquired by the Shobha group on its own. The State Government will only be a facilitator of the project. According to the Minister for Industries, Mr. Elamaram Karim, the hi-tech city would provide space for industries and sectors ranging from electronics, information technology and biotechnology to education, entertainment and research and development.
The project has been conceived in such a way that it will be totally eco-friendly. The water requirement will be met through methods like rainwater harvesting and plans are afoot for captive power generation. Proposed to be completed within the next seven-eight years, the project would provide direct employment to 54,000 people.
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| Smart Guy
| Posted Date: 8/21/2007 9:12 AM
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 20 Aug 2007: Sobha to build Rs 5,000cr tech city in Kerala
The Kerala government today signed a memorandum of understanding with the major construction company Sobha Developers to build a high-tech city in Kochi.
The tech city will be developed over an area of 400 acres.
The Rs 5,000 crore venture would provide 75,000 direct jobs, chairman P N C Menon said today at a conference here.
"We are going to build India's first fully-integrated, eco-friendly industrial township. The high-tech city is expected to be the best the country has ever seen," he said.
The township being built in Marad, in the outskirts of Kochi, would be the largest in the state, he said. A 'knowledge park' with an area of 70 lakh square feet, retail shopping malls, hotels, resorts, apartments and entertainment venues would be set up in the high-tech city.
The project is expected to be completed in eight years, in four stages.
More Reading: http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=26706
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