Centre Releases Rs 3 Bn for Palakkad Industrial Smart City

30 Oct 2025 CW Team

The Central Government has released the third instalment of Rs 3.2 billion for the Palakkad Industrial Smart City Project, a flagship node of the Kochi–Bengaluru Industrial Corridor.

The latest allocation has been made to the Kerala Industrial Corridor Development Corporation (KICDC), while the State Government has transferred an additional 316 acres of land for the project. With this, the total central assistance has reached Rs 6.13 billion, and the State has cumulatively handed over 646 acres, together accounting for nearly 45 per cent of the total project cost and land requirement.

The KICDC, a Special Purpose Vehicle (SPV) jointly formed by the Kerala Industrial Infrastructure Development Corporation (KINFRA) and the National Industrial Corridor Development and Implementation Trust (NICDIT), is implementing the project with equal equity participation from both partners.

A high-level review meeting held recently in Kochi resolved to expedite groundwork and fast-track implementation. The meeting was attended by APM Mohammed Hanish, Principal Secretary (Industries); Rajit Saini, MD & CEO of NICDIT; Santosh Koshi Thomas, MD of KICDC; and representatives from the Dilip Buildcon–PSP Projects Joint Venture, which has been awarded the infrastructure development contract. The Project Management Consultant team also participated in the discussions.

Officials confirmed that the project agreement will be signed within the month, with preliminary construction work set to begin immediately thereafter.

Kerala has emerged as the first state in India among the 12 proposed Industrial Smart Cities to complete the tendering process for infrastructure development. Earlier, the State Government, through the Kerala Infrastructure Investment Fund Board (KIIFB), had invested Rs 14.89 billion to acquire 1,450 acre of land for the project.

The latest fund release follows Industries Minister P Rajeev’s detailed presentation to Union Minister for Commerce and Industry Piyush Goyal in June 2024, highlighting the State’s progress in corridor-related activities.

The Palakkad Industrial Smart City Project is expected to serve as a major industrial and logistics hub, driving economic growth and employment opportunities in the region while strengthening Kerala’s position in India’s industrial corridor network.

News source: Swarajya

The Central Government has released the third instalment of Rs 3.2 billion for the Palakkad Industrial Smart City Project, a flagship node of the Kochi–Bengaluru Industrial Corridor.The latest allocation has been made to the Kerala Industrial Corridor Development Corporation (KICDC), while the State Government has transferred an additional 316 acres of land for the project. With this, the total central assistance has reached Rs 6.13 billion, and the State has cumulatively handed over 646 acres, together accounting for nearly 45 per cent of the total project cost and land requirement.The KICDC, a Special Purpose Vehicle (SPV) jointly formed by the Kerala Industrial Infrastructure Development Corporation (KINFRA) and the National Industrial Corridor Development and Implementation Trust (NICDIT), is implementing the project with equal equity participation from both partners.A high-level review meeting held recently in Kochi resolved to expedite groundwork and fast-track implementation. The meeting was attended by APM Mohammed Hanish, Principal Secretary (Industries); Rajit Saini, MD & CEO of NICDIT; Santosh Koshi Thomas, MD of KICDC; and representatives from the Dilip Buildcon–PSP Projects Joint Venture, which has been awarded the infrastructure development contract. The Project Management Consultant team also participated in the discussions.Officials confirmed that the project agreement will be signed within the month, with preliminary construction work set to begin immediately thereafter.Kerala has emerged as the first state in India among the 12 proposed Industrial Smart Cities to complete the tendering process for infrastructure development. Earlier, the State Government, through the Kerala Infrastructure Investment Fund Board (KIIFB), had invested Rs 14.89 billion to acquire 1,450 acre of land for the project.The latest fund release follows Industries Minister P Rajeev’s detailed presentation to Union Minister for Commerce and Industry Piyush Goyal in June 2024, highlighting the State’s progress in corridor-related activities.The Palakkad Industrial Smart City Project is expected to serve as a major industrial and logistics hub, driving economic growth and employment opportunities in the region while strengthening Kerala’s position in India’s industrial corridor network.News source: Swarajya

Infrastructure Urban

09 Jan 2026

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

Infrastructure Urban

09 Jan 2026

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..