Kerala to be inculded in national industrial corridor

In a big boost to Kerala, the Union Government has decided to extend the Chennai-Bengaluru industrial corridor to Coimbatore and then to Kochi.

The decision in this regard was conveyed to the state government by the National Industrial Corridor Development and Implementation Trust (NICDIT), a government release said. It had been Kerala’s plea for long to include the state in the corridor and Chief Minister Pinarayi Vijayan had made a strong pitch for the same.

The setting up of the corridor would contribute to developing manufacturing industries in the region and transform the Kochi-Palakkad region into a major manufacturing hub of South India. Two integrated manufacturing clusters (IMCs) would be developed — at Palakkad and Salem in Tamil Nadu, the release said.

According to the norms of the NICDIT, about 2,000 to 5,000 acres are needed to set up the IMCs. However, after the Kerala government informed about the difficulties in making land available, the Centre has accepted the states plea to set it up in 1,800 acres.

The state and Central government would jointly form a special purpose vehicle to manage the clusters, it was stated. The cluster in Kerala will come ip on either side of the Kochi-Salem national highway and is expected to provide 10,000 jobs.

LEAVE A REPLY

Please enter your comment!
Please enter your name here