The KochiNow Blog

Pallipuram to get facelift
Monday October 29 2007 12:52 IST

Priyamvatha P

ALAPPUZHA: The suburbs of Cherthala, where vast stretches of barren land have been lying unutilised, is set to get a facelift at last.

The Kerala State Industrial Development Corporation (KSIDC) is set to facilitate the coming up of two major development projects worth crores of rupees on the 270-acre land owned by the organisation at Pallipuram in Cherthala.

As per the plan, an IT Park and a Coir Park will be set up in the area. The proximity to Kochi and the availability of the vast stretch of land has brightened the prospects of the industrial area.

The Coir Park will be set up by the KSIDC itself. The contours of setting up an IT Park are being discussed with the Muthoot Group which has shown interest in the project.

According to KSIDC sources, the Muthoot Group is planning to set up an eight-floor IT Park on the model of the Technopolis building owned by them in the Infopark at Kakkanad in Kochi.

‘‘But the new project is being planned in a bigger magnitude. The floor area of the proposed IT Park building itself will be three times bigger than that in Kakkanad. The talks between the Muthoot group and the KSIDC are progressing. Pallipuram is geographically close to Kochi metro after the completion of the Arrokutty bridge and this has set the entrepreneurs’ eye on the area,’’ District Industries Centre General Manager Latheef said.

Full story

Contrary to what was reported here earlier, Muthoot’s mega Tech park venture is coming up
at Pallipuram near Kochi. The project is tentatively named Muthoot Metropolis, it is learnt.

CIAL announces winter schedule
Staff Reporter

KOCHI: Cochin International Airport Ltd. (CIAL) announced on Thursday its winter schedule with a projected growth rate of 30 per cent in aircraft and passenger movements. The schedule will come into force on Sunday and continue till March 29, 2008.

Under it, international services out of the airport will increase to 169 a week from the 145 in the prevailing summer schedule, registering a growth of 17 per cent, whereas domestic services will increase from 225 to 269, growing by 20 per cent.

The number of services from the airport will increase from 370 to 438, an increase of 19 per cent.

There will be nine daily services to Bangalore, eight to Mumbai, seven to Chennai, six to Hyderabad, four each to Delhi and Thiruvananthapuram, one each to Agatti and Kozhikode and two services a day each to Mangalore and Goa.

Kingfisher Airlines will operate the most number of services out of Kochi, 69 a week, followed by Jet Airways with 56 weekly services. Air Deccan will operate 42 a week, Indian 25, Indigo and Paramount Airways 21 each, Spice Jet and JetLite (formerly Air Sahara) 14 each and Go Air seven. Full story

CIAL’s profit rises 19% in FY-07

THIRUVANANTHAPURAM: Cochin International Airport Ltd (CIAL) has registered a 19 per cent growth in its profit during 2006-07, Mr Shriram Bharath, MD, CIAL said here today.

The company’s profit after tax (PAT) for the year 2006-07 stood at Rs 37.18 crore, he said.

After handing over a cheque for Rs 5.40 crore to the Kerala Chief Minister, Mr V S Achuthanandan as Government’s share of dividend, Mr Bharath said CIAL’s profit last year was Rs 31.78 crore.

Operational performance for last year was good with domestic sector registering a growth of 73 per cent and international services recording an increase of around 34 per cent, he said.

Passenger movement also increased from 1.9 million in 2005-06 to 2.8 million for the year 2006-07, registering a growth of 36 per cent.

“We expect a substantial growth for passenger movement during current year going by the present trend touching four-million mark,” he said.

During the year 2006-07, CIAL increased its authorised equity capital from Rs 200 crore to Rs 400 crore and the paid up capital increased from Rs 148 crore to Rs 296 crore.

The company has declared a dividend of 8 per cent for the year 2006-07 and the total pay out for the dividend was Rs 20.6 crore, he added. - PTI
Full story

Kerala IT sector to get big boost

Published: Tuesday, 23 October, 2007, 02:32 AM Doha Time

By Ashraf Padanna
THIRUVANANTHAPURAM: Information technology infrastructure in Kerala will witness tremendous growth in the next three years, Chief Minister V S Achuthanandan said here yesterday.
“Several projects, both the government and private initiatives, are coming up throughout the state,” he said while inaugurating the new 450,000-sq ft campus of the IBS Software Services, a leading global provider of new-generation IT solutions to the travel, transportation and logistics industry, at Technopark here.
Dubai’s Tecom Investments is developing a 350-acre Smart City while Sobha Developers has started work on the 400-acre Hi-Tec city in Kochi. These two projects alone are expected to create 150,000 jobs.
Besides, the state government has announced a 500-acre Techno City to be built in Thiruvananthapuram and a contract had been awarded to a Malaysian consortium to develop a similar facility in Kozhikode.
The Cochin International Airport is developing an IT Park within its complex while major players like HDIL have announced a number of projects to build IT infrastructure in the state. Gulf times story

News on HDIL Cybercity

Kerala ties up with Dubai to build major IT zone

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