Smartcity Kochi:Tecom to attend director board meet

A meeting of the board of directors of the proposed SmartCity Kochi project will be held at Ramada Resorts on September 20.

The meeting is scheduled to meet the statutory requirements under the Companies Act, which call for convening a director board meeting once every three months. The last director board meeting was held on June 28.

The meeting is unlikely to invoke much enthusiasm on either side as most of the previous meetings failed to produce any tangible outcome to lift the project from the depths into which it had fallen over many contentious issues including that of the right of freehold over 12 per cent land to SmartCity, the Dubai-based promoters of the project.

In fact, it is learned that, the fate of the meeting was uncertain initially as neither parties were sure about the participation of the other. There had been no significant development on the project for the last two years since the disagreement between the promoters and the government cropped up.