The Kerala Government plans to float an industrial infrastructure development company to take up major infrastructure projects in the sector. The company will be a public-private enterprise and the Government will have a maximum stake of 26 per cent through its agencies such as Kinfra and Kerala State Industries Development Corporation. The remaining shares will be given to public. The company will be registered by September 2006. The existing agencies such as Kinfra and KSIDC will continue to function as now.
The Government would also appoint a consultant to advise it for the formation of the new company. The capital requirements for the projects to be taken up, investment pattern etc will be decided by the consultant.
The Government proposed to develop large industrial parks by acquiring 500-3,000 acres in the State. It had already identified two areas: one near the national highway between Kollam and Thiruvananthapuram for a high tech industrial park and another in northern Kerala. The focus in the industrial parks would be on the manufacturing sector. The new company would engage itself basically in acquiring land, building infrastructure and leasing the facility to new enterprises.
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| Posted : 7/14/2006 |
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