Rubber Board & KINFRA gets a dividend of Rs. Two crores each from Rubber Park India

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Kottayam: Rubber Board and Kerala Industrial Infrastructure Development Corporation (KINFRA) has received an amount of Rs. Two crores each as dividend from Rubber Park India which is a joint venture of the Rubber Board, under the Ministry of Commerce and Industry, Govt. of India; with KINFRA. Rubber Park was formed with an objective of promoting rubber based industries.

Dr K N Raghavan, Executive Director of Rubber Board received the cheque from J Krishnakumar, Managing Director of Rubber Park India in a function held at Rubber Board office, Kottayam. P Sudha, Secretary-in charge, Rubber Board; K C Surendran, Finance Director-in-charge, Rubber Board); and Shaji Abraham, Deputy Director- Engineering, Rubber Board & Board Member, KINFRA; were present on the occasion.

Wg. Cdr. K A Santhosh Kumar, Managing Director of KINFRA received the cheque from J Krishnakumar, MD of Rubber Park India in a function held at KINFRA Head Office, Thiruvananthapuram. Dr T Unnikrishnan, GM (Projects), KINFRA; G Sunil, GM (P & BD); K N Srikumar, Sr Media Advisor; and Saji Joseph, Dy Manager ( Finance); were also present on the occasion.

Rubber Park India functions in an area of 107 acres at Irapuram near Moovattupuzha. The Rubber Park is facilitated with a single window system for the easiness of starting rubber based industry. The other requirements like land, road, water source, electricity, effluent treatment system, product testing etc. are also available here. The Rubber Park India was formed in the year 2000 with a contribution of 2 crores each from the Board and KINFRA as working capital. 42 rubber industrial units are functioning in the Rubber Park and 10 more industrial units are expected to be started in the park shortly.

The Park provides more than two thousand labour opportunities. The Park also gives importance for social development of the area. Rubber Park India is now in an attempt to develop another 20 acres of land at Piravanthur near Pathanapuram. It is expected that another 20 units can function here.

Kerala Biz News

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