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Board Meeting inconclusive again

Wednesday, 23 December 2009 18:17 Kerala IT News
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Tvm: A crucial Board meeting today to take forward the proposed SmartCity in Kochi turned out to be inconclusive again with differences of opinion continuing between the two partners.

Emerging from the hour long meeting, SmartCity Kochi Chairman and State Fisheries Minister Shri S Sarma said, “The talks would continue, you know there are differences of opinion between us and SmartCity Dubai. The CM is out of station, and once he returns, we will brief him about what happened today and a date for another round of discussion would be decided”.

Fareed Abdulrahman, CEO, SmartCity Dubai said his company wished to make it clear that it did not want freehold land immediately, but only after the master plan was prepared. The grant of 12 percent freehold rights to SmartCity Dubai has been the contentious issue between the State Government and Tecom, the promoters of SmartCity Kochi.

Kerala IT News

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