Kerala government set to take full control of SmartCity Kochi

KOCHI: A month after the appointment of a committee to finalise the contours of the withdrawal of Tecom Investments from the joint venture, the Kerala government is set to take over the SmartCity Kochi project in a move that enables the government access to the 246-acre IT park at Kakkanad.

Tecom, a subsidiary of Dubai Holding, held 84% stake in SmartCity Kochi, while the state government held 16%. The expert committee — comprising Kerala State IT Mission director Sandip Kumar, Infopark CEO Susanth Kurunthil, and Overseas Keralites Investment and Holding managing director Baju George — has met once, according to sources.