Kinfra To Acquire More Land For Parks

Thiruvananthapuram, January 28: | Updated: Jan 29 2003, 05:30am hrs
Kerala Industrial Infrastructure Development Corporation (Kinfra) has started acquiring more land as five of its industrial parks have been nearly booked up after Kerala's Global Investor Meet (GIM). The Corporation had sold Rs 559 crore-worth MoUs at GIM, according to a release here on Monday.

"Several other industrial parks are on the verge of being sold out. We are in the process of acquiring more land, in the wake of such a high demand," a Kinfra spokesman said, in the release.

Rs 49.48-crore Export Promotion Industrial Park, Kochi, IT & Electronics park, Kochi, International Apparel Park, Thiruvananthapuram, Techno-industrial Park Malappuram and Small Industries Park, Thiruvananthapuram are the five parks that have been almost booked up. Leela group of companies will set up a garment manufacturing facility at the Apparel park in Thiruvananthapuram at a cost of Rs 12 crore. Leela group will also set up a Rs 14-crore garment manufacturing unit at the export promotion industrial park at Kochi.

According to Vivek Nayar, MD - Leela group in the coming years the group expected to create 10,000 jobs in Thiruvananthapuram and Kochi. According to the Kinfra release, Sigma group of companies will bring in relocation of certain South Korean companies to Kerala bringing investment to the tune of Rs 100 crore. Chang woo Engineering Company will set up a ship repair unit at Kochi for an initial investment of Rs 50 crore. Doo Won Tech Corporation, Korea would be setting up a white goods manufacturing facility at Mazhuvanoor for an initial cost of Rs 50 crore. The Korean entities alone are expected to garner 1100 jobs.

Highreach InfoTech has plans to set up a computer hardware manufacturing plant at an initial cost of Rs 100 crore at the Kozhikode IT park. Ahalia Hospitals and Kairali Herbal Cure will set up health care centers at Palakkad at an initial cost of Rs 50 crore and Rs 20 crore respectively. The herbal park in Wayanad has seen an investment of Rs 53 crore coming in from herbal plant manufacturers Malabar Regional Horticultural Producers Processing and Marketing Co-operative Society Ltd and Dabor Brothers. A manufacturing unit of Vitro diagnostic test kits and reagents will be set up by Advanced Diagnostics, USA at a cost of Rs 24 crore in Kochi, the release said.