The new agreement not only raises the viability of the project but also promotes the cause of the services sector as a whole, according to Mr V.K. Mathews, Chairman, GTech, and Executive Chairman, IBS Group.
NEW MILESTONES
It is equally encouraging to note that clear cut milestones – opening of the SmartCity office by August 31, a concept master plan within a month thereafter and commencement of work by October 31 - have been spelt out. These are welcome signals, he added.
“Information technology is one of the most suitable industries for a State like Kerala. The industry offers huge employment opportunities with attractive remuneration.
“If encouraged to grow, IT industry has the potential to dramatically transform the socio-economic landscape of the State.
“The SmartCity project would be a significant step in this direction,” Mr Mathews said. The decision to convert SmartCity into an industrial township under the Services SEZ of the Government of India would provide an enabling ecosystem for the growth of IT and general services activities in the State.
ENABLING ECOSYSTEM
GTech compliments the State Government for taking steps to implement this important project and feels that this would send out a positive signal to potential investors, Mr Mathews added.
The conversion of smart city into a multi-service SEZ using the extra four acres from the Kerala Industrial Infrastructure Development Corporation should be looked up on by Tecom an opportunity to build a self-sustained township in the region, said Mr Anoop P. Ambika, Secretary, GTech.
This township should not only concentrate on building apartments but also should cover the civic and social infrastructural aspects – education, waste management, sewage treatment and drinking water,” Mr Ambika added.
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