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GIREM Kochi Summit Explores City's Reinvention as Business Hub
1. GIREM is an industry body, registered under the Karnataka Society Act of 1960.
2. About GIREM
It is a non-government, not-for-profit,
industry-led and industry-managed
association.
GIREM will play a proactive role in
improving infrastructural issues that
many businesses are grappling with on a
day to day basis.
It as a collective body. It will be the
voice of the industry and will work with
local government and supervisory
agencies in the areas of infrastructure
planning, sustainable growth and
development.
GIREM will partner with the Industry,
Government and Government Agencies
through advisory, consultative and
participatory processes.
3. What is Sixth GIREM Leadership Summit?
The Sixth GIREM Leadership
will be held on 24th & 25th Oct;
Venue – Radisson Blue Plaza,
Delhi.
The program is supported by the
Ministry of Urban Development,
Government of India.
The 2013 summit will provide
insights into the changing
economic scenario and market
behaviours which are poised to
show an upward trend post the
downturn and recession effects.
4. GIREM invites the city administration/planners of Emerging Cities
The Emerging business destination track is to attract 4 major cities,
which are:
Kochi – Reinventing Business
Bhubaneswar - Land of Opportunities
Indore – Waiting to be Unlocked
Jaipur - Untapped potential
This invitation is to carry on a thorough pitch to the audience on policies,
incentives, and initiatives taken to attract investments and create jobs.
6. Why GIREM is interested in Kochi?
A major port city on the west
coast of India by the Arabian Sea,
Kochi is strategically located with
port, good roads, rail and air
(domestic & international airport)
connectivity.
In 2011, Kochi's population was
around 17.5 million and it is
expected to grow to 22 million by
2021.
Prominent industries are tourism,
electronics hardware and IT/ITEs
industry, shipbuilding,
petrochemical refining,
handicrafts, rubber, coir, seafood
and other agricultural food
products such as spices, bananas,
coconuts, etc.
Availability of excellent talent
pool.
7.
8. Infrastructure Development
New international terminal costing INR 3 billion & catering to 10,000
passengers per annum has been announced.
Kochi Metro Rail with connectivity from Alwaye
(North) to Petta (South) is planned. Work has begun on
the project with Prime Minister Manmohan Singh
laying the foundation stone for the project in
September 2012.
Upcoming International
Container Trans-
shipment Terminal
spread on 115 acres to
handle 5.5 mn TEU's.
Oceanarium, an
underwater world
aquarium housing
marine creatures with
research facilities is
under construction.
LNG Re-gasification
Terminal 1st phase of 2.5
Million TPA, which will be
enhanced to 5 Million
TPA in the 2nd phase.
Airport-Seaport Road
for faster accessibility
to airport and better
connectivity of the
CSEZ with other
commercial areas is
being constructed.
9. Factors leading towards the reinvention
1. Cognizant is gearing up to hire 12000 workforce by 2017.
2. Multimodal Transport hub.
3. An International Airport Cochin International Airport (CIAL).
4. The Metro Rapid Transit system - The Kochi Metro is an under construction project, which
once effective will considerably ease traffic congestion in the city. It also multiple ports and
ferry service between islands.
5. Transit corridor - connects II & III order urban centers such as Kodungallur, Angamaly,
Piravam and Chertala.
6. The availability of 15 GBPS bandwidth, through undersea cables such as FLAG, SAFE and SEA
ME WE 3 ensures seamless data flow from worldwide which helps the IT business.
7. The Info Park promoted by Govt. of Kerala is home to companies like Wipro and TCS. The
establishment of Smart City project by Dubai Internet City, Info Park will make Kochi the
Silicon Valley of Kerala.
8. Smart city work commenced.
9. Growing population and economic migration mainly due to IT sector and urbanization has
opened a great market for retail industry and shopping malls. And having the Lulu mall in
operations Kochi will attract more brands and products for its citizens.