Neopolis IT Township Project Announced

28 Nov 2024 CW Team

Prime Minister Narendra Modi is set to announce the Neopolis IT Township project in Technopark Phase-IV, Thiruvananthapuram, a Rs 1,000 crore initiative under the Union Ministry of Housing and Urban Affairs. Part of the Outer Area Growth Corridor (OAGC), this project aims to establish a cutting-edge urban ecosystem. It represents one of eight such projects nationwide, with Thiruvananthapuram as Kerala's sole beneficiary.

The Neopolis IT Township will support aerospace industries, electronics, software, and IT, focusing on advanced technologies like artificial intelligence, robotics, IoT, blockchain, and machine learning. Envisioned as a self-sustaining urban environment, it will integrate business hubs, residential spaces, shopping malls, recreational zones, and five-star hotels, fostering economic growth and innovation.

The state government has set up a nine-member joint panel, led by the IT Secretary, to oversee planning and coordination. This Special Purpose Company (SPC) involves Thiruvananthapuram Corporation, Andoorkonam and Mangalapuram Panchayats, CRDP, and Technopark.

Strategically located on Thiruvananthapuram’s outskirts, the township will utilize existing infrastructure while driving future economic opportunities. It complements the QUAD initiative within Technopark Phase-IV.

The project stems from the 15th Finance Commission's recommendation, which allocated Rs 8,000 crore for smart city development in eight states. Kerala's proposal was submitted in August 2023, aligning with criteria for advanced urban growth.

This transformative venture highlights the synergy between central and state governments in fostering innovation and urban progress. The official announcement underscores the government’s commitment to positioning Thiruvananthapuram as a global IT and aerospace hub.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..