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Old September 26th, 2008, 07:13 AM   #21
sanjupalayat
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Gateway to Information Technology

The IT sector in Kerala is booming. Bindu Gopal Rao finds out how...

God’s own country Kerala — known for a great tourist experience — is today also God’s own information technology (IT) hub. A slew of benefits are being offered by the Government, which is attracting several investments within that space.

SEZ leads the way

Brigade Enterprises Limited has entered the Kerala market with an IT SEZ project. Brigade had recently bagged the tender to co-develop five acres of land in Kochi, to develop about 6 lakh sq ft IT SEZ space. The project will be co-developed with Info Park Kochi, and is expected to be completed in about two years. Says M R Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited, “Kerala is a very promising market and we are grateful to the Government of Kerala for extending their support. Brigade’s standards of innovation, quality and trust that have been established, will also be seen in the projects here.” Sobha Developers recently signed an MoU with Government of Kerala to build Sobha Hi-tech City, a Rs 5000 crore-Hi-tech City in Kochi. Sobha intends to develop the area of 400 acres under the name and style of ‘Sobha Hi-tech City’. This is the company’s first public private partnership (PPP) initiative, and also the largest project by the company till date. The government has agreed to bring the project under single window clearance and will facilitate land development, limited land acquisition and environmental clearances for the project. The company has agreed to implement a rehabilitation package at its own cost, as per government recommendations, and the project is set to be completed in 8 years.

According to P N C Menon, Chairman, Sobha Group, “We are confident that the Sobha Hi-tech City will fulfill the aspirations of people and will be able to generate substantial employment opportunities, apart from attracting further investments in the region.” On completion, Sobha Hi-tech city will create 75,000 direct jobs.

Sobha Developers also recently launched its integrated township ‘Sobha City’ in Thrissur, and will be investing Rs 850 crore towards the project and aims to complete the same by May 2011. Explains Menon, “Tier II cities offer tremendous potential for real estate development. We aim to capitalise on the growing demands of such cities by offering the best of facilities to the consumers. Sobha City is our effort to fulfill the aspirations of people and will be able to generate substantial employment opportunities for localites, apart from attracting investments in the region.” The IBS Group is a leading global provider of new-generation IT solutions to the travel, transportation and logistics industry. Today, it occupies approximately 2 lakh sq ft of space in Technopark, Trivandrum, including a fully owned campus on 5.26 acres of land. IBS occupies 86,000 sq ft of space in Kochi and is in the process of having its own campus on 4.21 acres of land in Infopark (Kochi). The Government has identified land in Calicut for an IT park and has identified IBS as one of the anchor companies to operate out of this park, once it comes into existence. Speaking on why Kerala was chosen as a destination, V K Mathews, Chairman and CEO, IBS Group, says, “Kerala has one of the highest density of science and technology personnel in the whole of the country.

The rentals are reasonable vis-a-vis other major IT hotspots. Three international airports provide effective connectivity from any part of the state with the rest of the world.” The IT policy of the state provides several incentives, fiscal and otherwise, which are comparable to most of the incentives offered by other states.

Shift to Tier II & III

In recent times, there has been a shift of focus from the metros to tier II and III cities. The Communication Gateway at Kochi handles more than 50 percent of the country’s Internet traffic, and power tariff is one of the lowest in the country, making it an attractive destination for IT investments. Kerala has two huge IT parks, the Technopark in Trivandrum and Infopark in Kochi. Says R K Nair, CEO, Technopark, Trivandrum, and Director, KSITI, “The government of Kerala promoted Technopark as a fully Government owned not-for-profit organization in 1992, for the promotion of electronics and software industry in the state. It is the first of its kind in India. Over the years, it has grown into the largest IT park in the country spread over 300+ acres of land, housing over 150 IT/ITES companies, employing about 20,000 professionals in about 4 million sq ft of built-up space. Many Indian and global majors are present in Technopark. Prominent among them are TCS, Infosys, Ernst & Young, Alliance Cornhill, UST Global, IBS, Tata Elexi, Office Tiger, etc. “Both these parks are in major expansion mode, now adding more land and buildings to the existing infrastructure. Private developers like L&T, Leela goup, and Brigade are involved in expansion activities of these parks. Infosys, TCS, Wipro, UST Global and IBS are constructing their own SEZ campuses inside these parks. When fully developed in the next five years, Technopark is expected to be employing 100,000 professionals and Infopark, about 50,000.

Technocity

The Government is also promoting the largest IT/ITES SEZ in India, Technocity, in about 500 acres of land in the suburb of Trivandrum city.This will be an integrated park, offering office space, residential, commercial, entertainment and social infrastructure facilities. Technocity, envisaged to be developed with private sector participation, will employ 100,000 professionals in the next 5-8 years. Land development and private partners’ selection activities, are presently going in full swing now. Land is also being acquired in Calicut for setting up Cyberpark in about 100 acres. As per the IT infrastructure development plans of the state, Technopark, Infopark and Cyberpark will act as hubs, and smaller parks will be set up in all districts as spokes around the hubs. Land has already been made available in Kollam, Alleppey, Cherthala, Trichur, Kannur and Kasaragode for setting up district IT parks. All these IT/ITES infrastructure development initiatives by the Government in various stages of execution, total more than 1500 acres spread throughout the state. The plan is to employ 200,000 professionals in the IT/ITES/Knowledge sector by 2012, and take Kerala into the top five states in India in this segment.

Preferred location

With the huge success of Technopark and Infopark, and the tremendous growth of companies operating in these parks, Kerala has become an established preferred location for IT/ITES industry. This is evident from the fact that in the last year, the IT/ITES industry has been growing at an annual growth rate of 70 percent, more than double of the national growth rate. Both,Trivandrum and Kochi have been rated as ‘Challenger’ locations by the recent Nasscom location attractiveness study conducted across the country.

Kerala offers unique benefits by way of lowest cost of operations, lowest power tariff, low cost of living, highest level of education, high quality of life, excellent infrastructure, physical connectivity by road/rail/air, data connectivity, etc. Kerala has three international airports within a distance of 450 km and no place in Kerala is further than 100 kms from an international airport. The submarine data communication cables, carrying bulk of the data communication from India, land in the Kerala coast. The whole state is uniformly developed throughout, offering standard of living, close to the western developed nations. Kerala tops all indices of development in India and is way above all the other states. For an industry dependant on human resources, Kerala offers unique advantages.

Info Park is operating a 99-acre SEZ campus promoted by Kerala Government, which has 2 multi-tenant facilities, approximately of over 0.4 million sq ft, and is occupied by corporates like ACS, Wipro, and Outsourcing Partners, etc. Apart from this, Info Park has allotted 23 acres of land to Wipro for their campus development.

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Old September 26th, 2008, 07:42 AM   #22
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Kerala to invest Rs 100 cr in Finishing School

The Kerala government is planning to invest around Rs 100 crore for setting up the Model Finishing School under the Kerala IT Mission across the state.

The project, which was started in May this year at Thiruvananthapuram and Kochi, will be taken to other parts of the state, according a senior government representative.

N RadhaKrishnan Nair, director, director, Kerala State IT Infrastructure Ltd and CEO, Technopark, said there were about 90 engineering colleges in the state creating over 25,000 graduates every year.

In spite of academic and technical brilliance, they are unable to find employment commensurate with their skills, he added.

To overcome this mismatch and to ensure that the students are able to secure employment in desired levels, the Kerala government decided to set up the Model Finishing School in Thiruvananthapuram early this year.

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Old September 26th, 2008, 04:01 PM   #23
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Updates on 4-Laning of NH-17

Here is the List of Major Infrastructure Companies submitted the RFQ for Four Laning of Kuttipuram – Edapally section of NH-17 included in NHDP Phase-IIIB from km 318.00 to 438.600 (Package No.NHDP/Ph III/KL/01) which is under evaluation.

Navinya Buildcom Pvt. Ltd. - Atlantia S.P.A
Gammon-Mcquarie
Reliance Infrastructure-AAA Communication Private Ltd-Jiangsu Provincial Transportation Engineering Group Co. Ltd -Consortium
Maytas Infra Assets Ltd and China Railway 18th Bureau Group Co. Ltd - Consortium
HCC Ltd and John Laing Investments Ltd - Consortium
Isolux Corsan Concesiones - SOMA Enterprise Ltd.- Consortium
Madhucon-CSCIH - Consortium
IDEB-SUCG- JV
Larsen & Toubro Ltd.
DLF Infra - Gayatri Power - Consortium
IRB-MRM
KMC-ETA
ATLANTA-PATEL-KNR J.V
Nagarajuna Construction Co. Ltd.
Progressive -Konaseema Consortium
Oriental Structure Engineers Pvt Ltd.
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Old September 26th, 2008, 07:27 PM   #24
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Kerala set up a new company, Kerala State IT Infrastructure Ltd (KSITI)

If you are a keen follower of news, you might be well aware of this fact - all is not well with our economy. The high oil prices, notched-up prices for vegetables, milk and everything that we need to live upon, bearish trend of the market and above all, the rising inflation - all these give a bleak picture of our economy.

But don't lose your heart, there are areas where silver lines of hope appears. And one among them is Information Technology. Kerala has surely made a major leap in this sector within the last six years. The IT parks set up in Thiruvananthapuram and Kochi have already become the major sought-after destinations in the country. As against the national average of 25% growth in IT exports, the state has experienced a growth nearly 70-80% last year.

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Old September 29th, 2008, 03:53 PM   #25
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Updates on 4/6 Laning of NH-47

The 4/6 Laning of NH-47 from Cherthala - Kanyakumari Section is divided into Four Packages which is included under NHDP Phase III-A
ie;
1)Cherthala-Oachira - Package No.NHDP/Ph III/BOT/KL/03.
Project Length = 83.60 Kms;Estimated Total Project Cost(TPC) = 1286.00 Crores

2)Oachira-Thiruvananthapuram - Package No.NHDP/Ph III/BOT/KL/04.
Project Length = 85.60 Kms;Estimated Total Project Cost(TPC) = 1222.00 Crores

3)Thiruvananthapuram-Kerala/TN Border (Thiruvananthapuram Bypass and continuing the bypass with new alignment further as alternative road for existing NH 47 from Thiruvananthapuram to Kerala/Tamilnadu Border) - Package No.NHDP/Ph III/BOT/KL/02.
Project Length = 43.00 Kms;Total Project Cost(TPC) = 521.00 Crores

4)New Bypass for existing NH 47 from Kerala/Tamilnadu Border to Kanyakumari and NH-47B from Nagercoil to Kavalkinaru - Package No.NHDP/Ph III/BOT/TN/10.
Project Length = 70.36Kms;Total Project Cost(TPC) = 706.00 Crores


Here is the List of Major Infrastructure Companies submitted the RFQ for Cherthala–Oachira section of NH-47 (km. 379.100 to km. 465.000) and Oachira–Thiruvananthapuram section of NH-47 (km. 465.000 to km. 551.900) which is under evaluation.

Navinya Buildcom Pvt. Ltd. - Atlantia S.P.A
Cintra Concesiones De In Infraestructuras De Tranporte S.A.and Shapoorji Pallonji & Company Ltd Consortium
Gammon-Mcquarie
Reliance Infrastructure- Reliance Innoventures -Jiangsu Provincial Transportation Engineering Group Co. Ltd. Consortium
Maytas Infra Assets Ltd and China Railway 18th Bureau Group Co. Ltd. Consortium
HCC Ltd and John Laing Investments Ltd. Consortium
Isolux Corsan Concesiones - SOMA Enterprise Ltd. Consortium
Larsen & Toubro Ltd.
DLF Infra - Gayatri Power Consortium
KMC - IVRCL
Nagarjuna Construction Company ltd.
Patel - KNR - Atlanta Ltd.
Oriental Structural Engineers Pvt. Ltd
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Old October 1st, 2008, 03:45 AM   #26
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Video cameras to be provided under IT project

THIRUVANANTHAPURAM: Aimed at encouraging production of local content by students and teachers, the [email protected] project will distribute video cameras to students.

The programmes produced by the students using the cameras will be beamed via the VICTERS education channel. The video cameras will form part of the hardware deployment programme in schools initiated by the project.

Some of the other electronic hardware that will be distributed as part of developing IT infrastructure in schools include 900 computers, 75 projectors, 1,200 laptops, 500 dot-matrix printers, 750 laser printers, 700 scanners, 400 generators, 380 cameras and 180 televisions.

According to Anvar Sadath, executive director, [email protected], the introduction of laptops will be a boost to technology education in classrooms.

The scheme will be implemented in 1,016 high schools, including 996 government and 20 aided schools. Keltron will be the service provider.


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Old October 1st, 2008, 03:51 AM   #27
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12 conditions for SEZ units

THIRUVANANTHAPURAM: The Government has come out with a state-specific SEZ policy. The LDF Government has also decided to forward to the Centre the 11 SEZ applications pending before it, Chief Minister V S Achuthanandan said here on Monday.

The 12 conditions will apply to all units that have received SEZ status.
One, setting up SEZ units on a massive scale on a vast area is impractical in the state because of its high density of population.
Two, paddy fields should not be converted for SEZ purposes.
Three, industrial parks developed by government agencies can apply for SEZ status. Land will not be acquired for setting up SEZs by private investors. Four, SEZ units will not be exempted from electricity duty.
Five, 70 percent of SEZ land should be used for industrial purposes.
Six, SEZ units will be exempted from taxes, including VAT, collected as per the AGCT Act.
Seven, state SEZs will not be exempted from laws concerning rights of workers.
Eight, the Contract Labour Regulation and Abolition Act will apply in all state SEZs.
Nine, the Panchayati Raj Act will apply in SEZ units.
Ten, the Single Window Clearance Act will apply in SEZ units.
Eleven, the Centre’s directive to exempt SEZ units from Article 5(B) of the Industrial Disputes Act will not be implemented in the state SEZ units. Twelve, investors who are implicated in surplus land cases will not be recommended for SEZ status.



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Old October 1st, 2008, 09:30 AM   #28
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Is this Special Economic Zone or Special Conditions Zone? There could have been one more condition that all hartals are applicable at SEZ. So that would drive away any interested parties who are ready to accept the other 12 conditions.
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Kerala Real Estate Kannur Tourism Census India 2011
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Old October 1st, 2008, 10:11 AM   #29
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Quote:
Originally Posted by Aslesh View Post
Is this Special Economic Zone or Special Conditions Zone? There could have been one more condition that all hartals are applicable at SEZ. So that would drive away any interested parties who are ready to accept the other 12 conditions.
This is my views abt SEZs in kerala http://www.skyscrapercity.com/showpo...postcount=1547
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Old October 1st, 2008, 11:11 AM   #30
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Its unfortunate that Govt is fwding these SEZ propsals of real estate mafias like Emaar MGF, parsnath developers , etl ifra etc without formulating proper state law. Govt made only recommendations, which is not enough. Because these people use land as per the central law and state cannot do anything.

SEZ can really attract investment. State needs SEZs too. we shud not be left befind. But freebies offered sud b provided to actual investors not for developers.

Another important thing is IT industry going through a lean patch and most of the software cos have frozen new investment and proposals. For example companies like Patni, Mphasys etc are really struggling. only technology companies have not affected by the global economic slowdown. In kerala we have hardly any tech cos apart from Suntech, arbitron, SIT Mobile, IBS

So we missed many buses and may catch a wrong bus too.
Hey why you call real estate developers as mafia? Is developing real estate and infrastructure a underworld activity? In that sense isn't DIC also a mafia and smart city an underworld project?

No other state has any law related to SEZ and I dont think any state except may be west bengal or tripura is going to make one. If there is any problem if SEZ act it is the duty of central govt to correct it and I think they are actually doing it now. I know that all these points are valid from the point of view of a common man. But this whole thing will give a strong message that neither the govt nor the people of Kerala is interested in any sort of development here. We dont need investors here and if you are so much interested in risking your money you can do it. But you will have the same experience of Tata in Singur. We will continue calling investors as bourgeois or even mafia and we dont need you here.

Yes there are rich people who are trying to exploit common man but here we also have militant labour unions who are cutting the same branch in which they are sitting. Take the example of cochin port trust or the notorious "nokku kooli" which even the CPI(M) state secretary had to condemn. We need more investors here and at the same time we have to prevent exploitation. But that cannot be done by putting a dozen conditions or by passing a legislation against the investors. Smart city came here because they were offered all benefits of SEZs + many extras. Now we are denying all those benefits to Indian companies. Is that fair?
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Kerala Real Estate Kannur Tourism Census India 2011
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Old October 1st, 2008, 05:14 PM   #31
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Quote:
Originally Posted by Aslesh View Post
Hey why you call real estate developers as mafia? Is developing real estate and infrastructure a underworld activity? In that sense isn't DIC also a mafia and smart city an underworld project?

No other state has any law related to SEZ and I dont think any state except may be west bengal or tripura is going to make one. If there is any problem if SEZ act it is the duty of central govt to correct it and I think they are actually doing it now. I know that all these points are valid from the point of view of a common man. But this whole thing will give a strong message that neither the govt nor the people of Kerala is interested in any sort of development here. We dont need investors here and if you are so much interested in risking your money you can do it. But you will have the same experience of Tata in Singur. We will continue calling investors as bourgeois or even mafia and we dont need you here.

Yes there are rich people who are trying to exploit common man but here we also have militant labour unions who are cutting the same branch in which they are sitting. Take the example of cochin port trust or the notorious "nokku kooli" which even the CPI(M) state secretary had to condemn. We need more investors here and at the same time we have to prevent exploitation. But that cannot be done by putting a dozen conditions or by passing a legislation against the investors. Smart city came here because they were offered all benefits of SEZs + many extras. Now we are denying all those benefits to Indian companies. Is that fair?
real estate mafia. Its the pet name used malayalam newspapers for these so called real estate developers. They buy land for cheap rates. construct/sell the flats/apartment/villas on appalling rates to customers. they are called real estate mafias.

I personally object the concept of SEZ- a foriegn land within a country. Laws within the coutry is not applicable. Full tax benefits to developers/cos. But nothing to emloyees. we will have to pay 30% IT, then professinal tax etc. They get electicity/water cheaper than common man gets.

We need insutsries because we need to create emplyment opportunities.so we need to give soaps to industries. That too only a period till a particualor inevestor gets his ROI. However SEZ is like an ivestor enjoys tax benefits till he closes shop.

Now i cant oppose SEZ coming to kerala. Since oppose, they will go to neighbouring states. In order to avoid that we can give approvals to these application. But kerala is different state, it can formulate law so that we can prevent misuse SEZ benfits.

But if the investor is someone like INFOSYS, SutherLand we can still relax the restrictions. But how can we give tax benfits for EMAAR, ETL, PARSWNATH etc. They real estate developers and once we sanction the SEZ, they will exploit the benefits for sure.

Smart city is difrent issue since GOK have 25% share in that venture.

Last edited by kollam_illam; October 1st, 2008 at 09:19 PM.
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Old October 1st, 2008, 07:54 PM   #32
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That 25% is of no use since DIC is the majority share holder. Its not like 26% share in CIAL. That is a public limited company. But smart city is a pvt limited company.
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Old October 1st, 2008, 08:36 PM   #33
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I'm not here for a debate.But just want to express the situation of other states who already have so many SEZ as on date.See what Mr.Chiranjeevi's vision in this.

Chiranjeevi finds fault with SEZ policies of previous regimes




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Old October 1st, 2008, 08:53 PM   #34
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Quote:
Originally Posted by kollam_illam View Post
But if the investor is someone like INFOSYS, SutherLand we can still relax the law. But how can we give tax benfits for EMAAR, ETL, PARSWNATH etc. They real estate developers and once we sanction the SEZ, they will exploit the benefits for sure.
Smart city is difrent issue since GOK have 25% share in that venture.
If you think of the same people that you call "real estate developers" as infrastructure providers, you would be closer to reality. Technopark is a "real estate developer", not a "technology" company like Keltron.
This has more to do with specialization: Builders moving up the value chain to provide infrastructure/facilities to companies who can then focus on executing their business.
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Old October 1st, 2008, 09:16 PM   #35
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Originally Posted by vinod/kakka View Post
If you think of the same people that you call "real estate developers" as infrastructure providers, you would be closer to reality. Technopark is a "real estate developer", not a "technology" company like Keltron.
This has more to do with specialization: Builders moving up the value chain to provide infrastructure/facilities to companies who can then focus on executing their business.
Yes. Technpark is facilator/infrastructure provider. We can follow the same concept everywhere. at any cost land shud not given real estate mafias develop SEZ. Technopark shud get SEZ status . and ask developers to construct built up area as a codeveloper. Now Infopark utilizes same concept. They hav got SEZ status have co developers like L & T, Leela and brigade. They building IT space and then markets.

If we ask private parties to develop SEZ they will construct flats, villas and malls and remaining IT space (mostly in 2nd phase). They GoK wud have no cntrl over this territory . this is totally unacceptable
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Old October 1st, 2008, 10:15 PM   #36
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NRHM director praises Kerala’s achievements

THIRUVANANTHAPURAM: As far as the primary health and the management of non-communicable diseases are concerned, the initiatives taken by Kerala is a model for other States, National Rural Health Mission (NRHM) director G.C.Chaturvedi has said.

"Kerala has shown remarkable results in certain areas of non-communicable disease management. It is also at par with the parameters of certain developed countries in the world,’’ Chaturvedi said, while delivering the presidential address at the inaugural ceremony of the National Workshop for RCC Directors, sponsored by the Union Government and World Health Organisation here on Monday.

He said that though cancer, HIV and mental health were kept out of NRHM project initially, all these were now slowly becoming part of the Mission, which was started to rejuvenate the primary health care. ‘’The rapidly expanding self-sustainable neighbourhood network in palliative care projects proves that community ownership can work wonders even in poor communities,’’ said Health Minister P.K.Sreemathi who inaugurated the workshop.

The Minister said that in Kerala, the NRHM had initiated a project aimed at the development of community-based care services for the bed-ridden, elderly, chronically and incurably ill people.

‘’This unique initiative will have wide positive implications on the care for the marginalised groups of people in the State, as well as the nation,’’ Sreemathi said. ‘’The Government also expects the local self-government institutions to take a major role in this,’’ she said.

NRHM State director Dinesh Arora and Dr M.Krishnan Nair also attended the inaugural function.

The workshop will discuss the National Cancer Control Programme implementation, integration of NRHM activities with the National Cancer Control Programme and the role of RCCs in strengthening cancer control programmes in the country.


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Old October 3rd, 2008, 09:55 PM   #37
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Quote:
Originally Posted by kollam_illam View Post
If we ask private parties to develop SEZ they will construct flats, villas and malls and remaining IT space (mostly in 2nd phase). They GoK wud have no cntrl over this territory . this is totally unacceptable
Illam - Let's get one thing clear here, there are very definite rules about what can be built within SEZ land and what all benefits are available on the basis of the SEZ Act, 2005. I suggest you read it before calling everyone a mafioso.

The major benefits will only accrue to the tenants, ie. the IT/ITES companies which take up the space created in the SEZ. The developer will also get benefits during the construction phase but still IT parks, which are mostly leased out, take 5-6 years to break even.

The non-IT facilities are essential to support the actual operations. And especially so in Kerala where there is not a single mall or multiplex to be seen, and where residential units are in short supply in places like Trivandrum which have high demand.

So I suggest you put some thought into it before you go around badmouthing some of the biggest property developers in the business. If you want to name entities which were trying to exploit the IT buzz for the wrong reasons, you could look to shady proposals like HDIL, Sobha and even the much vaunted "Smart" City. The latter seems to have come a cropper after the State Government imposed strict conditions on it.

Cheers!
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Old October 3rd, 2008, 11:46 PM   #38
scorpiogenius
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If you want to name entities which were trying to exploit the IT buzz for the wrong reasons, you could look to shady proposals like HDIL, Sobha and even the much vaunted "Smart" City. The latter seems to have come a cropper after the State Government imposed strict conditions on it.
Whats the matter with Shobha City Ajay? You think its shady only bcoz its not in Trivandrum? I think allegations associated with HDIL Cyber City has been resolved and works are underway at the site.

Re Smart City, the Govt is the only one to blame if things fall apart again. If the catfight regarding all this SEZ laws and rubbish didnt happen then VS wouldnt be in the soup as he is now.
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Old October 4th, 2008, 05:17 AM   #39
kollam_illam
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Illam - Let's get one thing clear here, there are very definite rules about what can be built within SEZ land and what all benefits are available on the basis of the SEZ Act, 2005. I suggest you read it before calling everyone a mafioso.

The major benefits will only accrue to the tenants, ie. the IT/ITES companies which take up the space created in the SEZ. The developer will also get benefits during the construction phase but still IT parks, which are mostly leased out, take 5-6 years to break even.

The non-IT facilities are essential to support the actual operations. And especially so in Kerala where there is not a single mall or multiplex to be seen, and where residential units are in short supply in places like Trivandrum which have high demand.

So I suggest you put some thought into it before you go around badmouthing some of the biggest property developers in the business. If you want to name entities which were trying to exploit the IT buzz for the wrong reasons, you could look to shady proposals like HDIL, Sobha and even the much vaunted "Smart" City. The latter seems to have come a cropper after the State Government imposed strict conditions on it.
Cheers!
Initially i had gud opinion abt HDIL. not anymore. same with shobha, Emaar EMGF, pasrnath etc. Atleast HDIL,shobha etc purchased land their own. In EKM, Emaar purchased land, but includes wet land. They have purchased it @ cheap rates from common man/farmers and did know then that there would protests from many quarters during development. They are waiting to swallow large agricultural land in another city. Anyway i have clearly explained all these to Gen Sec of Second largest constituent from LDF who hails from My village last month. I thot they wud oppose SEZ proposals with tooth and nail. But it didnt happen. lets wt and see what will happen when more such proposals come
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Old October 4th, 2008, 05:38 AM   #40
Ajaypp
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Originally Posted by scorpiogenius View Post
Whats the matter with Shobha City Ajay? You think its shady only bcoz its not in Trivandrum? I think allegations associated with HDIL Cyber City has been resolved and works are underway at the site.

Re Smart City, the Govt is the only one to blame if things fall apart again. If the catfight regarding all this SEZ laws and rubbish didnt happen then VS wouldnt be in the soup as he is now.
Scorpio - Lol, you think I think all non-Trivandrum projects are shady?

Sobha - The project is on CRZ III land, which means it should not be there since the area is reserved for environmental protection and it is very unlikely that permission will be granted for the same. You would have noted that its application for environmental clearance was rejected partly due to this. Sobha also does not own the whole land yet. Currently, it has only 190-odd acres on an island, and it seems, that too is through a partnership with someone else. As far as I understand from a lot of people in the industry, Sobha had created a lot of hoopla about the project at the time of its IPO, but is pretty quite now. Sobha had also filed an SEZ application before the State Govt. but it had been summarily rejected by the empowered committee.

HDIL - There is no work happening on the site, as of last week when I passed by it. They have not even bothered to file an SEZ application despite having had the land available for the last 8 months.

Smart City - Those who blame the Govt. forget the fact that 95% of the land was transferred to TECOM more than a year ago. Any project of this size is developed in phases and the SEZ approval of the first 136 acres happened many months ago. Yet, even today, TECOM does not even have a DRAFT masterplan. Masterplans go through many levels of preparation - conceptual, draft and final. Once a developer has a broad sense of the land, it will immediately do a concept masterplan and do what is called an "area programme", an estimate of the feasible space which can be constructed. Yet, in this case, the area to be built was trumpeted off even before the land was available! Smart City, Dubai is just 1.5 million sq.ft - 1/3 of Technopark - and the Malta edition is even smaller. Other than a few thousand apartments getting sold in the neighbourhood on its promise, not even a stone has stirred for the project. Does anyone know that TECOM did not even have an office in Cochin, and that when the Registrar of Companies did an inspection a few months ago, people were running about for an temporary office. I don't think that's a sign of a serious developer.

My views are personal and based on the information I receive as a member of the developer fraternity in Kerala. Most of what I have stated is publicly available information, which has been carried on the media or can be personally verified by anyone interested in doing so by just visiting any of the project sites. I don't discriminate against these projects because they are not in Trivandrum. I have spelt out the reasons why. But let's not have yet another shooting match here. If anyone has any facts to discuss and debate I suggest we do it offline and not muddle up the forum.

Cheers!

Last edited by Ajaypp; October 4th, 2008 at 05:44 AM.
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