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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.
Time of India
13-05-2025
- Business
- Time of India
Kochi-Bangalore Industrial Corridor Gathers Steam: Palakkad Node Gets Green
Shri. P. Rajeev, Minister for Industries, Govt. of Kerala The Government of India's ambitious plan to develop world-class industrial hubs under the National Industrial Corridor Programme has reached a major milestone in Kerala. The Kochi-Bangalore Industrial Corridor (KBIC), envisioned as an extension of the Chennai-Bangalore Industrial Corridor, is now taking shape with significant progress in the Palakkad node—one of two major nodes planned under the project. The KBIC is being implemented under the aegis of the National Industrial Corridor Development and Implementation Trust (NICDIT) and aims to transform the industrial landscape of southern India. It will position India as a competitive global manufacturing and investment destination, on par with international industrial giants. KICDC Takes the Helm The Kerala Industrial Corridor Development Corporation Limited (KICDC)—a 50:50 joint venture between NICDIT (representing the Centre) and KINFRA (representing the State)—was incorporated on April 21, 2021, to execute the KBIC project. The formal State Support and Shareholder Agreements were inked on October 22, 2020. Palakkad Node: Key Industrial Hub in the Making The Palakkad node, formally called the Integrated Manufacturing Cluster (IMC) Palakkad, will span 1,710 acres across three land parcels: Pudussery Central (1,137 acres), Pudussery West (240 acres), and Kannambra (313 acres). Strategically located along National Highway 544, the site lies 35 km west of Coimbatore (Tamil Nadu) and 83 km east of Thrissur (Kerala). The IMC is set to host a diverse range of industries, including pharmaceuticals, medicinal chemicals, botanical products, textiles and apparels, food and beverages, non-metallic mineral products, rubber and plastic goods, high-tech manufacturing, and fabricated metal machinery. Approvals and Funding in Place Land acquisition has made significant headway, with approximately 1,400 acres already acquired—1,100 acres in Pudussery Central and 299 acres in Kannambra. Notifications under Section 11(1) have been issued for the remaining 240 acres in Pudussery West and the required access road. The Government of Kerala, through the Kerala Infrastructure Investment Fund Board (KIIFB), has released ₹1,489 crore to date for land acquisition. Environmental clearances have also been secured: IMC Pudussery Central and West received clearance on February 15, 2024, while Kannambra was green-lit on February 13, 2025. Major Central Push for Funding In a key development, the NICDIT board gave its approval to the IMC Palakkad project on December 14, 2022, with a sanctioned outlay of ₹3,815 crore. The Centre committed ₹1,789.92 crore as equity contribution. This was followed by Union Cabinet clearance on August 28, 2024, for a total of ₹3,806 crore—including ₹1,789.92 crore for land and ₹2,026 crore for development. Site visits by top officials—including the Minister for Industries, Law and Coir on September 24, 2024, and the NICDC CEO on October 4, 2024—have further underlined the government's intent. Equity Tranches and Master Plan Unfold In December 2024, the first tranche of equity—comprising 110 acres of land (GoK) and ₹104.5 crore (GoI)—was transferred to the SPV. This was followed by a second tranche in March 2025, consisting of ₹209 crore (GoI) and 220 acres of land (KINFRA) as state equity. The masterplan and Detailed Project Report (DPR) have been prepared by consultants appointed by NICDC. The Request for Qualification-cum-Request for Proposal (RFQ-cum-RFP) for appointing a Programme Manager for New Cities (PMNC) has been floated and is expected to be awarded this week. An Engineering, Procurement and Construction (EPC) contract tender will follow by May 2025. The entire Palakkad node project is targeted for completion within four years. Disclaimer: This article has been produced on behalf of Ministry of Industries, Kerala by Mediawire team.
Time of India
13-05-2025
- Business
- Time of India
Kochi-Bangalore Industrial Corridor Gathers Steam: Palakkad Node Gets Green
Shri. P. Rajeev, Minister for Industries, Govt. of Kerala The Government of India's ambitious plan to develop world-class industrial hubs under the National Industrial Corridor Programme has reached a major milestone in Kerala. The Kochi-Bangalore Industrial Corridor (KBIC), envisioned as an extension of the Chennai-Bangalore Industrial Corridor, is now taking shape with significant progress in the Palakkad node—one of two major nodes planned under the project. The KBIC is being implemented under the aegis of the National Industrial Corridor Development and Implementation Trust (NICDIT) and aims to transform the industrial landscape of southern India. It will position India as a competitive global manufacturing and investment destination, on par with international industrial giants. KICDC Takes the Helm The Kerala Industrial Corridor Development Corporation Limited (KICDC)—a 50:50 joint venture between NICDIT (representing the Centre) and KINFRA (representing the State)—was incorporated on April 21, 2021, to execute the KBIC project. The formal State Support and Shareholder Agreements were inked on October 22, 2020. Palakkad Node: Key Industrial Hub in the Making The Palakkad node, formally called the Integrated Manufacturing Cluster (IMC) Palakkad, will span 1,710 acres across three land parcels: Pudussery Central (1,137 acres), Pudussery West (240 acres), and Kannambra (313 acres). Strategically located along National Highway 544, the site lies 35 km west of Coimbatore (Tamil Nadu) and 83 km east of Thrissur (Kerala). The IMC is set to host a diverse range of industries, including pharmaceuticals, medicinal chemicals, botanical products, textiles and apparels, food and beverages, non-metallic mineral products, rubber and plastic goods, high-tech manufacturing, and fabricated metal machinery. Approvals and Funding in Place Land acquisition has made significant headway, with approximately 1,400 acres already acquired—1,100 acres in Pudussery Central and 299 acres in Kannambra. Notifications under Section 11(1) have been issued for the remaining 240 acres in Pudussery West and the required access road. The Government of Kerala, through the Kerala Infrastructure Investment Fund Board (KIIFB), has released ₹1,489 crore to date for land acquisition. Environmental clearances have also been secured: IMC Pudussery Central and West received clearance on February 15, 2024, while Kannambra was green-lit on February 13, 2025. Major Central Push for Funding In a key development, the NICDIT board gave its approval to the IMC Palakkad project on December 14, 2022, with a sanctioned outlay of ₹3,815 crore. The Centre committed ₹1,789.92 crore as equity contribution. This was followed by Union Cabinet clearance on August 28, 2024, for a total of ₹3,806 crore—including ₹1,789.92 crore for land and ₹2,026 crore for development. Site visits by top officials—including the Minister for Industries, Law and Coir on September 24, 2024, and the NICDC CEO on October 4, 2024—have further underlined the government's intent. Equity Tranches and Master Plan Unfold In December 2024, the first tranche of equity—comprising 110 acres of land (GoK) and ₹104.5 crore (GoI)—was transferred to the SPV. This was followed by a second tranche in March 2025, consisting of ₹209 crore (GoI) and 220 acres of land (KINFRA) as state equity. The masterplan and Detailed Project Report (DPR) have been prepared by consultants appointed by NICDC. The Request for Qualification-cum-Request for Proposal (RFQ-cum-RFP) for appointing a Programme Manager for New Cities (PMNC) has been floated and is expected to be awarded this week. An Engineering, Procurement and Construction (EPC) contract tender will follow by May 2025. The entire Palakkad node project is targeted for completion within four years. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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.
