+
Rs 700 Million Sanctioned for Kochi-Palakkad Corridor
ROADS & HIGHWAYS

Rs 700 Million Sanctioned for Kochi-Palakkad Corridor

The government has sanctioned Rs 700 million for land acquisition by KINFRA for the Kochi-Palakkad Hi-Tech Industrial Corridor, a vital component of Kerala’s broader Kochi-Bangalore Industrial Corridor (KBIC). The funding move supports the advancement of one of the state’s flagship industrial initiatives aimed at boosting manufacturing and attracting investment.
The Kochi-Palakkad stretch forms a major segment of the 2,060-acre KBIC project and includes two major hubs: the Industrial Manufacturing Cluster (IMC) in Palakkad and the 350-acre Global City in Ayyampuzha, Ernakulam—formerly referred to as Gift City. The latter is currently awaiting Central government approval.
The Rs 700 million will be utilised to repay a loan taken from the Kerala Infrastructure Investment Fund Board (KIIFB). The total estimated project cost stands at Rs 26.08 billion, with administrative approval already in place. KINFRA had earlier sought Rs 2 billion for land acquisition for the 2025–26 financial year.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, had previously cleared the Palakkad IMC under the National Industrial Corridor Development Programme (NICDP).
The latest fund release is subject to specific terms outlined in the official order, marking a significant step in Kerala’s efforts to enhance its industrial infrastructure and economic footprint. 

The government has sanctioned Rs 700 million for land acquisition by KINFRA for the Kochi-Palakkad Hi-Tech Industrial Corridor, a vital component of Kerala’s broader Kochi-Bangalore Industrial Corridor (KBIC). The funding move supports the advancement of one of the state’s flagship industrial initiatives aimed at boosting manufacturing and attracting investment.The Kochi-Palakkad stretch forms a major segment of the 2,060-acre KBIC project and includes two major hubs: the Industrial Manufacturing Cluster (IMC) in Palakkad and the 350-acre Global City in Ayyampuzha, Ernakulam—formerly referred to as Gift City. The latter is currently awaiting Central government approval.The Rs 700 million will be utilised to repay a loan taken from the Kerala Infrastructure Investment Fund Board (KIIFB). The total estimated project cost stands at Rs 26.08 billion, with administrative approval already in place. KINFRA had earlier sought Rs 2 billion for land acquisition for the 2025–26 financial year.The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, had previously cleared the Palakkad IMC under the National Industrial Corridor Development Programme (NICDP).The latest fund release is subject to specific terms outlined in the official order, marking a significant step in Kerala’s efforts to enhance its industrial infrastructure and economic footprint. 

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code