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Cochin International Airport to Launch IT Park  ( November 10 , 2006  )

The Cochin International Airport , India's first Airport built under  public-private partnership will soon launch an IT Park near it's premises to ride the boom in the knowledge sector .

 The in-principle clearance to launch an IT Park by the Cochin International Airport Limited ( CIAL ) has been given and the manner in which it should happen would be taken up at the next meeting to be held at Thiruvanthapuram on November 17. This was disclosed to the Media by the Kerala Fisheries Minister S.Sarma , immediately after the CIAL Board meeting which was held yesterday ( 9th of November  ) .

The commisioning of the IT park will  pave way for 15,000 job opportunities and more projects related to the same , will be announced in the near future .

Source : Gulf News  , November 10

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HPCL Plans To Build Malls In Cochin  ( November 4 , 2006 ) : -
State-owned oil marketing firm Hindustan Petroleum Corp (HPCL) has lined up its retail foray in Cochin and Jaipur with assistance from property consultants Trammell Crow Meghraj (TCM). HPCL plans to build malls with multiplexes, food courts, hotels, convention centres, amusement parks besides commercial complexes and premium residential apartments at the 60-odd acres of land available with it in the two cities. The Cochin project will be the first to get off the ground and the projected yield from this project, excluding the sale of residential flats, is pegged in the range of Rs 30 to 40 cr annually. HPCL currently owns huge chunks of prime real estate in several cities in the form of oil depots, terminals, LPG plants, housing colonies and retail outlets. At many such places, the operations have been shifted to other locations resulting in vacant land lying unused. The other three options proposed by TCM were: forming a joint venture with a real estate fund, tie-up with integrated retail developers on BOOT basis and investment by HPCL itself in the development and construction of the property besides carrying out its own marketing and management of the complex. HPCLâ€^TMs retail consultant, TCM has been associated with leading malls in the country like High Street Phoenix, Centre One, InorbitCentral Mall, Forum, Metropolls and Inox.

Source : www.financialexpress.com, November 4