Kochi to have Hi-Tech City campus

Hi-tech City, a campus for firms engaged in IT, biotech and similar sectors, will come up in Kochi with an investment of Rs 50 billion ($1.07 billion), Kerala's Industries Minister Elamaram Kareem said here on Wednesday.“We have already completed the preliminary round of discussions with the Bangalore-based Shobha group that will execute the project,” Kareem told reporters.The proposed campus would come up near the Kochi international airport in an area of around 400 acres, which the company would acquire, the minister said.He added that the project would be completed in eight years and it would offer jobs to 54,000 people.“Hi-tech City will house firms engaged in IT, bio-technology, education, entertainment, education and similar sectors. The government will only act as a facilitator to get licenses and other things for the Shobha group and will have no other role,” said Kareem.

Source: http://www.newindpress.com/