Taurus' Swiss challenge bid to be discussed next week

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The Times of India - THIRUVANANTHAPURAM: There is no delay in discussing the Swiss challenge bid submitted by Taurus Investment Holdings and its partners Hansji Corporation and Rose Global, LLC for developing 2,500,000 of built-up space in Technopark phase III, said information technology secretary PH Kurien, who is the chairman of the technical committee evaluating the bidding process.

 

 

"There is no delay in implementing the bid. The technical committee has not been able to meet. I am out of town for the next few days as I am attending a meeting of the World Economic Forum. So the committee will meet next week to discuss the bid and present its findings before the state government," the IT secretary said.

 

Rubbishing rumours that there was political pressure against leasing the space to Taurus group, which has offered around Rs 1,200 crore foreign direct investment, as Lulu Group was investing in a mall in the city, which would be shadowed by the Taurus group clientele Kurien said INKEL and Lulu sought a one month extension on the bid, from September 24 to October 24, and it was justified as Taurus had five months to prepare its report.

 

Shashi Tharoor, Union minister of state for human resources development, has also been following up on the status of the project.

 

"His office has been showing keen interest and demanding regular updates. I am sure he won't allow it to go south," said a senior official from the IT minister's office.

 

The offer made by Taurus group is one of the single largest by a US-European entity in Kerala.

 

Taurus currently owns assets worth well over 12,000 crores, spanning over 11 million square feet. The group also has a long-running relationship with global businesses such as Oracle, Semiens, Allianz, Deutsche Bank, H&M, Citibank,etc.