Government recommendation to grand Cyber city SEZ status
The Kerala government recommends central ministry to grand Special Economic Zone status the cyber city project at Kalamaserry Cochin. This cyber city project has gone through several arguments and controversies. The sale of the land given for HMT to the Blue star Realesters led to great arguments in the state. Recently Supreme Court accepted this transaction.
The whole cyber city project will take about eight years to complete. The project consists buildings of about 70 lakh square feet. Among this about 56 lakh square feet is reserved for the IT sector. The rest of the area will comprise of Hotels and other facilities. The cyber city can attract more and more companies to Kerala.