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The Chief Minister's remarks came in response to allegations from Opposition Leader V D Satheesan, who accused the government of planning to transfer the project's 246 acres of prime land to favoured individuals under the guise of a real estate agenda.
By modifying the clause to include only a best-efforts commitment, Tecom was effectively absolved of any binding obligation to generate the promised jobs.
The government has adopted Tecom's compensation method, bypassing the contract's clause on attaching deposits and investments for project delays.
The Kochi Smart City IT project was envisioned as a landmark initiative to position Kerala on the global IT map.
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