New Initiatives and Investment plans

The thrust of Government of Kerala’s Industrial and Commercial Policy of 2007 is achieve high and sustainable economic growth through rapid industrialisation and attain a big leap in commercial activities to create large scale employment opportunities for the people of Kerala. The policy also aims at converting Kerala into an investment friendly destination. Some of the new investment initiatives and projects undertaken by the Industries Ministry find a mention here.

• The Government has begun initiatives to set up a Petrochemical complex in Kasargode. Some leading companies have expressed interest in this project.
• The Kannur Power Project is in the pipeline. The government is in talks with two companies regarding implementation of this project.
• Plans to start a new garment unit at the KSIDC Industrial Development Centre which has been lying unutilised for the last ten years
• Notice has been issued for acquiring land for the Mega Food Park at Wayanad being built with Central Government assistance.
• Steps have been taken to allot the remaining land at the KINFRA Industrial Park in Wayanad. The Government will also initiate steps to improve the working of the Powerloom and Handloom Complex for Adivasi women.
• KINFRA has decided to set up Knowledge Parks in Kozhikode and Thrissur Districts. Steps have been initiated to acquire land for these projects. Plans are also afoot to set up an International Convention Centre at Kozhikode with private participation.
• KSIDC’s Growth Centre at Malapurram to be developed and new units to be started soon. The Government is trying to get more land for the KINFRA Industrial Park.
• The work on the proposed Integrated Textile Park at Kanjikode in Palakkad District would commence soon with the appointment of the consultant. The project report prepared by IL&FS has been submitted to Government of India.
• KINFRA Industrial Park in Walayar to have four new business establishments soon.
• KINFRA’s land at Puzhakkelpaddam in Thrissur district, which was lying vacant for the last ten years, is to be developed for international business.
• Efforts are on to get the land of Government of India Press at Koratty to develop the KINFRA Park there.
• Land allotment of KINFRA Park at Kalamassery has concluded. Offers have been received for starting new ventures at its 94 acre land in Kakkanad.
• Electronic Manufacturing Hubs to be set up in Ernakulam and Trivandrum to capitalise the potential in electronic industry. KSIDC has identified land for the proposed projects.
• KSIDC to start an Industrial Business Park in Alapuzha District. Plans are also going on to commence new business at the KSIDC growth Centre in Chertala.
• KINFRA will initiate steps to acquire land for the Industrial park at Kidangoor in Kottayam District. The Inland Port at Kottayam is also being developed
• Spices Board and KINFRA have signed a MoU to set up a Spices Park at Idukky. Land will be acquired in and around Todupuzha for this project.
• Rubber Board and KINFRA will develop a Rubber Park at Ranni in Pattanamthitta District. Land acquisition for this park will start soon. A Food Park will also be set up in Adoor.
• A Mega Industrial Park will be set up in Kollam.
• IL&FS is preparing the project report for the implementation of a Rs.250 crore Central Government Project Growth Pole in Kollam District.
• In Thiruvananthapuram District, land is being identified for the Hi Tech Corridor Project. KINFRA will be setting up an Industrial Park in the district.