HDIL to develop Rs 4000cr cybercity in Kochi

A Rs 4000 crore cybercity project for the IT/ITeS sector is being developed by the Housing Development and Infrastructure Ltd (HDIL), at nearby Kalamassery, which will be Kerala's first integrated IT township.

The cybercity, spread over a 70 acre land acquired from the public-sector Hindustan Machine Tools (HMT), would be having besides IT/ITeS, residential apartments, villas, schools, shopping malls, multiplex, club house, service apartments and a star hotel, Rakesh Kumar Wadhawan, Chairman, HDIL, said.

The project's foundation stone will be laid by Chief Minister V S Achuthanandan on January 19.

The cybercity would provide 60,000 direct and 1,50,000 indirect job opportunities at Kochi and is expected to be completed over a four-year period.