SmartCity Kochi: A project mired in controversies since proposal stage

KOCHI: The decision of TECOM Investments, a subsidiary of Dubai Holding LLC, to withdraw from the SmartCity Kochi, announced by the Kerala government after the cabinet meeting on Wednesday, has been brewing for some years.

Industry officials said TECOM’s pull-out from the much-hyped project is a blessing in disguise, considering that the 246-acre IT park was in a limbo as the Dubai promoter could develop only 40 acres. This, at a time when the adjacent Infopark, the Kerala government-owned IT park, was struggling to find more land as its 260-acres had been fully complete and occupied.