Kerala govt to once again seek Centre's nod for Global City project
A recent meeting convened by chief minister Pinarayi Vijayan decided to hold discussions between officials of state govt and ministry of commerce and industry, which is yet to grant approval for Global City.
Global City was proposed as one of the major components of Kochi-Bengaluru Industrial Corridor (KBIC) project. Among the two nodes of KBIC, Industrial Manufacturing Cluster (IMC) in Palakkad was approved by Cabinet committee on economic affairs six months ago and state govt transferred 325.26 acres for the IMC. However, the other node, Global City, which was intended to span across 358 acres in Ayyampuzha, faced uncertainty as central govt placed it on the back burner, citing that the key elements of development planned in Ayyampuzha are primarily residential and real estate ventures, rather than industrial undertakings as defined by regulation.
When Gift City was envisioned as part of the industrial corridor, central and state govts agreed to share the project cost equally. After being informed that Gift City was designated exclusively for Gujarat, the project was renamed Global City. Though chief minister sought approval, central govt stated that this project cannot be included as part of industrial corridor.
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