July 26th, 2006, 03:04 AM
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#29
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Technocity project to be speeded up - Hindu online news
Quote:
Phase IV Technopark expansion envisages the acquisition of 500 acres (just over 200 hectares) of land at Mangalapuram, about seven kilometres to the north of the Technopark Campus.
The Housing and Urban Development Corporation and a few nationalised banks have indicated their interest in financing this expansion programme, which will be called the `Technocity.'
Additional Chief Secretary John Mathai told the meeting that 27 Revenue officials would be specially assigned to handle the responsibilities of acquiring land for Technocity.
The Kerala State Industrial Development Corporation was given the task of preparing a detailed project proposal for `Technocity' some time back, but it is yet to complete the work.
The `Technocity' is envisaged as a self-contained territory for IT and ITES companies with good schools and hospitals, commercial places and residential and recreational facilities for the families of those working there. In Phase IV, approximately 1 lakh professionals are expected to be employed.
The IT Department is targeting to make all these possible over the next five years, the official said.
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