KINFRA facilitated investments worth Rs 400 cr in 2019-20
Helped in creating more than 4,000 new job opportunities
The Kerala Industrial Infrastructure Development Corporation (KINFRA) has facilitated investments worth Rs 400 crore to the state in 2019-20, which is almost double, compared to 2018-19.
KINFRA also helped in creating more than 4,000 new job opportunities in the state during the period.
KINFRA has allotted 65.8 acre to set up industrial units and out of this, 84 new units have already started operations. It has allotted 1.4 lakh sq ft in 2019-20 vis-à-vis 1.31 lakh sq ft in the 2018-19.
KINFRA Park at Koratty was able to attract investments worth Rs 250 crore. Ascend, the international investor meet held in January 2020, has also enabled to garner investments worth Rs 2,000 crore, wherein KINFRA had signed 14 memorandums of understanding (MoUs) with investors during the meet.
Currently, KINFRA has 25 industrial parks, 800 industrial units. In the last four years, the company has allotted 144 acre in which the state has been able to notch up Rs 680 crore investments and could generate nearly 7,000 job opportunities.
The proposed Defence Park at Ottapalam is under Modified Industrial Infrastructure Upgradation Scheme of Department of Industrial Policy and Promotion. The Rs 130 crore project is a greenfield cluster for defence to be developed with financial assistance from the Ministry of Commerce and Industry.
The agency has also received Rs 40 crore grant from the Centre for the proposed mega food park in Palakkad which will be set up with modern infrastructure facilities along the value chain from the farm to the market. The number of units to be set up in the park will be 30 in an area of nearly 50 acre