22-07-2025
Kochi-Palakkad industrial corridor: Kerala govt grants funds for land acquisition
Kochi: The govt granted sanction for Rs 70 crore to Kinfra for land acquisition for the Kochi-Palakkad Hi-tech Industrial Corridor project, which is part of Kochi-Bangalore Industrial Corridor (KBIC).
The fund will be used for the repayment of the loan funded by Kerala Infrastructure Investment Fund Board (KIIFB). Earlier, Kinfra requested the govt to release Rs 200 crore for the 2025-26 financial year for this purpose.
The govt accorded comprehensive administrative sanction for the hi-tech corridor project at Rs 2,608 crore towards the total cost required for the payment of the loan funded by KIIFB for land acquisition.
The order granting sanction of Rs 70 crore states that the latest fund is being released based on certain conditions.
KBIC will cover 2,060 acres in the state, with two nodes: Industrial Manufacturing Cluster (IMC) in Palakkad and Global City (formerly Gift City) in Ayyampuzha, Ernakulam. The cabinet committee on economic affairs, chaired by PM Narendra Modi, approved the development of 12 new industrial corridors, including Palakkad IMC, under National Industrial Corridor Development Programme (NICDP) last year. The proposed Global City, planned to be developed on 350 acres in Ayyampuzha, is awaiting central approval.
