Latest news with #IntegratedManufacturingCluster
The Hindu
14-05-2025
- Business
- The Hindu
Tenders invited for infra project of Palakkad Smart City
The Kerala government has invited tenders for a major infrastructure development project as part of the Palakkad Smart City initiative, which falls within the Kochi-Bengaluru Industrial Corridor. The Kerala Industrial Infrastructure Development Corporation (Kinfra), in a release on Wednesday, said the tender has been invited for developing infrastructure at the Puthussery Central and Kannambra parts of the Palakkad Smart City (Integrated Manufacturing Cluster). 'The first-phase package, estimated at ₹1,100 crore, is targeted for completion within four years. The estimated cost covers development activities on 1,400 acres of land already acquired. The tender is for an EPC (Engineering, Procurement, and Construction) contract, encompassing design, construction, and maintenance,' the release said. It further said that the key infrastructure components of the project include internal roads, drainage systems, bridges, water supply networks, fire-fighting systems, water reuse systems, sewer lines, power distribution systems, a sewage treatment plant, an industrial effluent collection system, and an effluent treatment plant. The master plan and Detailed Project Report (DPR) for the project have already been completed and the implementation would be coordinated by the Kerala Industrial Corridor Development Corporation Ltd. (KICDC), it said. Special purpose vehicle The KICDC is a special purpose vehicle (SPV) formed jointly by the National Industrial Corridor Development and Implementation Trust (NICDIT) and the Government of Kerala, with an equal equity partnership, it added. So far, the State government has spent ₹1,489 crore through the Kerala Infrastructure Investment Fund Board (KIIFB) for land acquisition and the Centre will spend ₹1,789.92 crore on infrastructure development in the project area, the release said. 'The Central share will be disbursed in phases as the State government hands over the acquired land to the SPV. In December 2024 the 1st tranche of the equity was transferred to the SPV by the State and Central governments as 110 acres of land and ₹104.5 crore respectively,' it said. It said that the 2nd tranche of equity amounting to ₹209 crore from the Centre and 220 acres of land by Kinfra as state equity was transferred in the month of March 2025.
The Hindu
04-05-2025
- Business
- The Hindu
Kerala government sanctions transfer of 1,340 acres of land for development of Kochi-Bengaluru industrial corridor
The Kerala government has sanctioned the transfer of 1,340 acres of land to the Kerala Industrial Corridor Development Corporation (KICDC), the special purpose vehicle created for the development of the Kochi-Bengaluru industrial corridor. The project envisages, among other things, the development of two major nodes- the Integrated Manufacturing Cluster at Palakkad and the Global City at Kochi. The total land requirement for the Integrated Manufacturing Cluster, the first node of the project, is 1,710 acres, spread across three parcels – Pudussery Central, Pudussery West, and Kannambra in Palakkad district. The State government earlier accorded administrative sanction for acquisition of land in Palakkad for the industrial corridor project with the financial aid of Kerala Infrastructure Investment Fund Board (KIIFB). As part of this, the government accorded sanction to transfer 110 acres of land in Pudussery village in Palakkad. The managing director of the Kerala Industrial Infrastructure Development Corporation (KINFRA), the nodal agency for land acquisition, had earlier this year requested the government to transfer the remaining land to the special purpose vehicle (SPV) with absolute ownership, free from all encumbrances, and granting of freehold rights to the SPV. Following this, the government decided to accord sanction to transfer the remaining 1,340 acres to the SPV. An area of 1,450 acres was earlier acquired for the project, out of which 110 acres was transferred earlier. The Industries Minister had said last month that the State government is planning to go ahead in principle with the Global City project in Ayyampuzha. It will have to bear an additional burden with the Union government withdrawing from the project.
