M.A. Yousuf Ali and Kochi smart city project final agreement
Kochi smart city is in its last attempt. Kochi Smartcity project foundation stone was laid by honorable Chief Minister V.S Achuthananthan on November 2007. The state government has recently appointed M.A. Yousuf Ali, the Vice Chairman of Non Resident Keralite Affairs (NORKA) to mediate the negotiations in the conflicts which exists between Tecom investments and state Government. M. A. Yousuf Ali was mediating in the discussion between the Tecom investments and Kerala Government to revive the dream smart city Kochi project of Kerala. As a last attempt Dubai International Financial Centre (DIFC) Governor Ahmad Humaid Al Tayer is expected to visit Kerala to retrieve the Smart City Kochi project. If Kochi smartcity project comes true, the role of M.A. Yusuf Ali will become valuable one. With the perkiness of Yousif Ali provided a hope in this Kochi smart city project which was exists as a progress less in last 7years. He is the man who has taken the duty to make understand the last stand of Tecom on Kochi smart city Project. After Tecom's invitation to the Kerala Government to visit Dubai by keeping all respect with Government, the Chief Minister V.S. Achuthananthan had appointed himself Yousuf Ali, who is most Indian NRI business man in Gulf as a mediator to resolve the problems that causes the project as a long pending.
The state government had planned before to write a letter to TECOM investments by asking them to clarify reasons which are delaying Kochi SmartCity project. Formerly, TECOM Company had criticized the Kerala government officials against their accusing towards the Dubai clients using a disparaging manner in the letters that wrote to TECOM.
In a meeting which was held on January 30, 2011, The Dubai Supreme Fiscal Committee Governor informed to UAE-based Indian businessman M A Yusuf Ali about to have a crucial discussion with State Government about the final agreement on the Kochi smart city project on February 2.
Formerly, the Kochi Smart City project was approved in A.K. Antony's Ministerial period in 2003, but Project has been postponed due to various obstacles during the changing the ruling parties.
The Kochi smart city project is expected to sign final agreement
The current barrier which stops the processes of Kochi Smart city project is conflicts over freehold rights over 12 per cent of the land outside the Special Economic Zone (SEZ). Dubai Tecom Investments was requested the free-hold land rights of 12 cent land. According to the Dubai clients, they would get freehold rights over 12 per cent which is approximate around 30 acres, of the project and able to do real estate dealings on the land. But the Kerala government was unbending and opposed to allow any real estate dealings on the land for Kochismart city Project. The difference between the two parties was lagging the project and some reports are saying that final solution has found in this issues in the last meetings of Director board members with M.A. Yousuf Ali, who has recently appointed by Kerala Government as a mediator in the smart city final discussions by Kerala Government, and it is expected to sign the final agreement in the upcoming smart city project final meeting which will held on February 2 between Kerala Government and Dubai Government. Sources say that Both parties Tecom and the State government of Kerala have been reached into a settlement to allow freehold rights over 12 percent of the land assigned for the project and going to sign final agreement on February 2nd 2011.
The role of M.A. Yousuf Ali on the Kochi smart city project
M.A. Yousuf Ali, mediator in Kochi the smart city project final agreement, speaking to Emirates 24|7 after last evening's meeting with Al Tayer, said he was very confident that the problems will be set on soon and the project would become a reality. He expressed his confidence in his words. He added that
"The team will be flying out to Kerala on Tuesday in a special chartered flight. The meeting with the governor was very constructive and we are all very hopeful that the all the disputes will be sorted in Wednesday's meeting". M.A. Yousuf Ali once he was appointed as a mediator at this issues of Kochi smart city project, he was sincerely trying to arrange frequently meetings with Director board members and turning the subject into an end. Eventually he can even influence the Dubai Government on the final discussion of this Kochi smartcity project which can create over 90,000 direct or indirect job opportunities.