Thiruvananthapuram: Kerala government would write one more letter to Dubai based TECOM, the joint venture promoter of SmartCity IT Project in Kochi, over its dispute with government on ‘free hold land’ of the project. ‘We will write one more letter. Details of the letter will be known after that’, State Chief Minister V S Achuthanandan told reporters after cabinet meeting.
Upset over not starting the mega project, expected to attract Rs.5000 crores investment, government had issued an ultimatum to the TECOM last month to reply whether they were interested in the project. Dispute between the state government and its joint venture promoter over the IT Park, considered to be one of the dream scheme of the state to promote IT ventures, began over the question of ‘free hold land’ out of 256 acres acquired and given to the promoters.
Government maintained that it was ready to treat 30 acres of land as in the agreement as free hold land but without any right for sale, which was not acceptable to TECOM. Though number of discussions between the state government officials and TECOM to find a agreeable solution were held, with both parties sticking to their stand, the project had failed to take off.