Dubai's Tecom to Exit Kochi Smart City Project

06 Dec 2024 CW Team

The state government has decided to remove the Dubai-based Tecom Company from the Smart City Kochi project, originally envisioned to attract global investment to Kerala. Despite the project's first phase being completed in 2016, five years after it was signed in 2011, the second phase failed to materialize over the following 13 years. This prolonged stagnation and failure to meet its objectives led to the decision to part ways with Tecom.

The Cabinet, during a meeting on Wednesday, approved the recommendation of a committee led by the Chief Secretary to address the crisis. It was decided to finalize the separation policy in mutual agreement with Tecom. Additionally, the Cabinet proposed appointing an independent evaluator to determine the compensation payable to the company.

To oversee this process, the government formed a committee comprising the IT Mission Director, Infopark CEO, and Dr. Baju George, Managing Director of OKIH (Overseas Keralites Investment and Holding). Smart City IT Township, located next to Kakkanad Infopark, was initially launched with promises of creating 90,000 jobs and constructing 88 lakh square feet of building space. However, Tecom’s inability to meet these commitments led to the project's downfall.

The Kerala government owns a 16 per cent stake in the project, while the Dubai Holding Group holds 84 per cent. The Chief Minister serves as the Chairman of the Board of Directors. To date, only one building exists in the Smart City, housing 37 IT and related companies, alongside six construction partners. The project has attracted a total investment of Rs 26.09 billion, of which Rs 19.35 billion was contributed by co-developers directly identified by the government.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..