The Union commerce ministry today granted the status of a special economic zone (SEZ) to 114-acre site of the proposed Smart City project in Kochi. With this, the SEZ status has now been accorded to the total area of 246 acres of the proejct.
Earlier, in March this year, the government had sactioned SEZ status only to 132 acres as the total project area is divided into two by a river in the middle.
The latest move is expected to lead to a smooth sailing of the Rs 2,000-crore mega IT infrastructure project. Samrt City Kochi managing director Baju George said that the decision was very positive for the progress of the proejct.
Meanwhile, the work on the Pavilion of SmartCity, which would showcase project’s various features, will begin on September 29. The pavilion would also have the offices for the administrative and project management team of the project.