Latest news with #KeralaIndustrialInfrastructureDevelopmentCorporation
The Hindu
31-07-2025
- Business
- The Hindu
Administrative sanction for food processing park at Kunnukara in Kochi
The government has accorded administrative sanction for the food processing park initiated by the Kerala Industrial Infrastructure Development Corporation (Kinfra) at Kunnukara. The park will be set up under the mini food park project of the government. Minister for Industries P. Rajeeve said in a communication on Thursday (July 31, 2025) that around 37.8 acres would be acquired for the food processing park in Kunnukara village. The project would be implemented utilising the assistance under the Kerala Infrastructure Investment Fund Board, he added. He said that the park is being set up to extend the benefits of agricultural progress achieved in the Kalamassery Assembly constituency to more persons. The 'Krishikkoppam Kalamassery' project has been expanded to more areas. Five value-added products were launched in the market as part of the agriculture project. The third edition of the agri fest held as part of the initiative will begin in August, according to the communication. 'The food processing park will have units based on spices, coconut, fruits, cake and bakery and milk products. The land acquisition process will be speeded up in association with the district administration,' it said.
The Hindu
07-07-2025
- Business
- The Hindu
Kaynes Technology to set up unit at Perumbavoor Industrial Park
Kaynes Technology, an electronics system design and manufacturing company, is set to establish a new manufacturing unit in Kerala. The company will be allotted land in the Perumbavoor Industrial Park developed by the Kerala Industrial Infrastructure Development Corporation (KINFRA) to facilitate this expansion. The company representatives, who visited the industrial estate on Monday (July 7), held discussions with Industries Minister P. Rajeeve and secured official approval for land allocation, according to a release. The company had signed a Memorandum of Understanding (MoU) with the Department of Industries, promising around ₹500 crore investment and offering over 2,000 employment opportunities in the State at the Invest Kerala summit. The unit's first phase is expected to be operational within 18 months of land transfer, it said.
The Hindu
04-07-2025
- Business
- The Hindu
20.8% of proposed projects at Invest Kerala Global Summit are operational: P. Rajeeve
Eighty-six projects with a total investment of ₹31,429.15 crore which were promised at the Invest Kerala Global Summit in February this year have become operational till now, Industries Minister P. Rajeeve said here on Friday. Speaking at a press conference on the progress of the projects for which Expression of Interests were received at the summit, he said that out of the 424 projects with a total investment of ₹1.77 lakh crore, work on 20.8% have begun. According to Mr. Rajeeve, on the completion of the 86 projects, 40,439 jobs are expected to be created. Out of the remaining projects which are yet to be started, 268 have already got the required land while 156 are yet to get land. Among those which got land, a total of 29 projects require land conversions or various exemptions to go ahead with their work. Speaking further on the plans for the months ahead, he said that projects worth ₹1,500 crore will begin operations in July, while projects worth ₹1,437 crore are expected to begin in August. A total of ₹1,011 crore investment projects have come across all the eight Kerala Industrial Infrastructure Development Corporation (Kinfra) parks. 'In July, projects worth ₹1,500 crore will commence while in August ₹1,437-crore investment projects are expected to begin. A total of ₹1,011-crore investment projects have come in all the eight Kinfra parks,' he said. Mr. Rajeeve said that the foundation stone for Bharat Biotech's new project will be laid at the Kerala State Industrial Development Corporation (KSIDC) Park in Angamaly. Adani Logistics will set up a logistic park in Kalamassery at a cost of ₹600 crore. IBM has taken over two floors of the Lulu IT Twin Towers, developed by the Lulu Group, at SmartCity, Kakkanad. With this centre becoming operational, Kerala will become one of the biggest centres of the company in India with over 5,000 employees. A dedicated Advisory group, chaired by the Industries Minister, has been formed for monitoring project implementation, coordinating across departments and resolving issues swiftly to enable seamless execution. Principal Secretary, Industries, is the Vice-Chairman and KSIDC MD is the convener of this body, which has representatives of industry and trade bodies, renowned industrialists, and senior government officials as members. The committee meets every two months. The industrial land web portal, has been launched to create a database of land available in the State for industrial purposes, said the Minister. A five-step escalation protocol has been introduced to ensure the timely resolution of investor issues. These include: initial resolution at the nodal officer level, engagement with concerned departments, formal communication if unresolved, escalation to the Secretary level. and, if still pending, final escalation to the minister concerned.
New Indian Express
20-06-2025
- Business
- New Indian Express
Travancore Rayons land: Kerala govt lowers value of 30-acre plot to attract investors
KOCHI: The weed-overgrown land that once housed the Travancore Rayons unit at Perumbavoor moved one step towards redemption with the state cabinet revising downwards the land value for 30-acre land to Rs 12.28 crore from Rs 64.13 crore pegged earlier. The revised land value was arrived at for the land in partial possession with Kerala Industrial Infrastructure Development Corporation (Kinfra). The state cabinet made the decision at its meeting held on Wednesday. A total of 68 acres of land has been lying unattended and restricted in the heart of Vallam in Perumbavoor more than two decades after Travancore Rayons shut down its operations in July 2001. Welcoming the decision, Santhosh Koshy, managing director, Kinfra, told TNIE that the corporation will pay the requisite amount to the authority concerned and take possession of the land after the revenue department issues the government order on new land value. He expressed confidence that the lower land value would be attractive to the investors who want to come and set up infrastructure in the property. 'Higher land value was a deterrent. Since the investor would have to not only pour in money to acquire land but also cough funds to establish the infrastructure,' he added. According to Koshy, the remaining 38 acres of land that belonged to Travancore Rayons is still tangled in legal issues and is under the jurisdiction of Kerala High Court's liquidator. 'We expect that the issues will be solved in five to six months. Once that happens, the 38 acres too would be taken over by Kinfra for the industrial park,' he added.
Time of India
08-05-2025
- Business
- Time of India
Kinfra clarifies delay in RTI response on land purchase
Thiruvananthapuram: Kerala Industrial Infrastructure Development Corporation (Kinfra) clarified that they have not denied any RTI request submitted by Nirmal Krishna Nidhi Nikshepa Samarakshana Samithi . Kinfra authorities stated that the Samithi has posed 26 queries, which require detailed information gathering from multiple departments, thus causing the clarification was issued following the allegations raised by the Samithi that details sought on the land purchased in Kinfra by the key accused in the Nirmal Krishna deposit fraud were denied by Kinfra authorities claimed that "the RTI petition from the Samithi dated March 17 was received at the Kinfra head office on April 19. As per the RTI Act, the prescribed time limit for responding to an RTI application is 30 days from the date of receipt. Accordingly, the final reply to the said petition is scheduled to be sent on May 18."The information needs to be collected from the legal department, allotment department and Kinfra International Apparel Park. The process of gathering the necessary information is currently underway, the authorities said."We would like to emphasise that Kinfra has not denied the RTI request submitted by the Samithi members and the process to reply to the same is in progress. Kinfra has not violated any provisions of the RTI Act," said a statement issued by Kinfra.
