Taurus announces $200 million project in Kerala subject to approvals

Trivandrum: Taurus Investment Holdings, LLC, a global private equity investment and development firm specialising in business infrastructure, today formally announced their Downtown Technopark project in Trivandrum, which would see the largest single foreign direct investment of USD 200 million in Kerala, subject to necessary approvals from the Government of Kerala (GoK).

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Kerala all set to lose Taurus’ Downtown Technopark project

Trivandrum: The capital city of Kerala and Technopark, the IT hub in particular, is all set to lose the prestigious Downtown Technopark project, which would have seen the largest single foreign direct investment in Kerala of about Rs.1,200 crores, unless the State Government, the IT Department and the Technopark authorities act fast and give the necessary approvals.

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Kerala IT Department faults on Public Relations Contract

Trivandrum: According to documents sourced through RTI and in possession with Kerala IT News, there are irregularities galore in the contract given to a Public Relations (PR) Agency from organisations under the Kerala IT Department. The PR agency which did not meet the Tender norms or qualify the Tender process was awarded the contract in July 2009 to handle the PR activities of Technopark, Trivandrum; Infopark, Kochi; Cyberpark, Kozhikode and Kerala State IT Infrastructure Ltd. (KSITL) for a retainer fees of Rs.18 lakhs per year.

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