When the ICTT becomes fully operational, it will create over a lakh jobs, directly and indirectly in Kochi. Najeeb Zakariah, president of the Confederation of Real Estate Developers Associations of India, (CREDAI), Kochi, said that creation of more job opportunities will have multiple impact in the economy of Kerala, especially Kochi. Apart from housing, hospitality and retail sector will have a direct impact with more services being offered from Kochi.
The prices of land and buildings are all set to skyrocket as it will generate more direct and indirect employment opportunities. Kochi will become a hub for logistics professionals from India and abroad when the activities of the port increase in and around Kochi.
