1 June 2009
Kochi: Dubai-based developers Tecom, whose IT project in Kochi - SmartCity - has run into rough weather over land issues, Monday demanded an assurance from the Kerala government that it would get freehold status for 39 acres of land by December this year.
"We are not asking for the freehold today or in six months time. We want a re-assurance from the government that the project would be entitled to the freehold status on the 39 acres, SmartCity CEO Fareed Abdulrahman said.
"The government has to assure us that whenever the masterplan is ready, we will get the freehold," he said.
Tecom has been demanding freehold states for 39 acres of the total 246 acres of land allotted to the Rs 1,500-crore project which envisages a potential to create 90,000 jobs.
Abdulrahman said they were insisting on freehold status as lots of foreign direct investment would be coming once the project gets going and they were only asking for a re-assurance from the government in this regard.
He said as of now they had no plans to shift the project to any other state. "We are very eager to start the project. We want to bring the IT infrastructure, create more jobs and bring business to the city and boost Kerala's economy," he said. "The phase I of the Kochi project is on hold until there are positive signs," he said.
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