Smart City to generate 1 lakh IT jobs: Kerala CM
Kochi, Nov 16 (UNI) The Rs 1,500 crore 'Smart City' knowledge hub which will be set up here is expected to generate nearly one lakh jobs in the Informationa Technology (IT), Kerala Chief Minister V S Achuthanandan today said.
Mr Achuthanandan in his speech read out by Smart City Executive Director Farid Abdul Rahman, who formally unveiled the foundation stone for the project, said the joint sector project in which the state government will have a 26 per cent stake, will create 90,000 employments in the IT and IT enabled services (ITeS) sectors.
Pointing out that other companies had also shown keen interest in starting similar projects in Kerala, the Chief Minister said the LDF government was committed to turning the state into a hub of knowledge-based industries.
Stating that Kerala had a significant potential to become a hub of knowledge-based industries, he said the state had a vast talent pool and the government was committed to tap the state's tremendous potential for growth.
The state government is leasing 246 acre of land for 99 years for the Smart City project for Rs 104 crore.
The
project,
the
first
major
FDI
in
the
IT
sector
in
Kerala,
would
be
spread
over
8.8
million
square
feet
built
up
area,
of
which
70
per
cent
would
be
for
IT
and
ITeS.
It
is
to
be
modelled
along
the
lines
of
the
Dubai
Internet
City
and
Dubai
Media
City.
UNI