Kochi: The Kerala Government has accorded administrative sanction for providing Rs. 10 crores towards the construction of the Standard Design Factory (SDF) at the KINFRA Industrial Park in Koratty. This was announced by the Minister for Industries and Commerce, Shri A C Moideen, during his maiden visit to the Park earlier this week.
KINFRA has decided to construct new SDF in the wake of huge demand for space from investors. The new five-storey building, with modern facilities, is coming up on 96 cents of land, which has been lying vacant in the Park. Once commissioned, the facility will provide direct employment to 500 persons and indirect jobs to another 1,000 people. The total cost of the project is estimated to be Rs. 28 crores.
“Of this, the State Government has given administrative sanction for Rs. 10 crores. It is expected that the work would be completed within 18 months,” the Minister said.
The Minister exuded confidence that the proposed industrial corridor from Kochi to Coimbatore would benefit small enterprises, including those based at KINFRA Parks. “The idea is to utilise land available with local self-governing bodies coming within the limits of industrial corridor for the promotion of manufacturing industries,” he added. He visited units in the park.
Spread over an area of 30 acres, the KINFRA Industrial Park at Koratty has 35 manufacturing units and employs more than 1,200 people. It also hosts CARe Keralam Ltd., an Ayurvedic resource Centre, which is a joint venture between 53 Ayurvedic companies and the State Government.
Shri B D Devassy, MLA; Kumari Balan, President, Grama Panchayat, Koratty; Dr. T Unnikrishnan, General Manager, KINFRA; K N Srikumar, Senior Media Advisor, KINFRA; G Sunil, Manager Technical; T B Ambili, Manager (T) and A K Geesha, Project Manager, KINFRA Industries Park, Koratty were also present on the occasion of the Minister’s visit.
Kerala Biz News