Southern States - Kerala   

Rubber Park to start functioning next week

By Our Staff Reporter

KOCHI JULY 10. The Rubber Park India (Private) Limited, a joint venture of the Kerala Industrial Infrastructure Development Corporation (Kinfra) and the Rubber Board, will have a quiet start with the first of the units in the park beginning production next week.

According to sources, the official inauguration of the park, caught up in political fracas, has been cancelled. The first unit at the park, L&P Rubber Products, a rubber-based solvents and adhesives unit, is ready to be commissioned.

The Rubber Park, located at Irapuram, near Perumbavoor, has been set up at a cost of Rs. 27 crores with equity participation of Rs. 10 crores each from the institutional promoters and with a loan from banks and financial institutions as well as advances received from the entrepreneurs.

The Rubber Park has had a unique achievement as it was completed at the present cost while the initial project cost was Rs. 36 crores. L&P has set up its unit at a cost of Rs. 25 lakhs.

A total investment of about Rs. 30 crores is expected in the park within a short time with land allocation having already been done for 16 units. These include the Rubber Marketing Federation's automatic balloon making unit and the Thiruvananthapuram-based Filatex's heat resistant filaments elastic threads unit. The balloon unit involves an investment of Rs. 9 crores and the Filatex unit is expected to cost Rs. 13 crores.

Production at the Rubber Park has been held up because the Kerala State Electricity Board is yet to install the 110-kv sub-station for the Park. It is learnt that the Park authorities will, for the time being, go in for an alternative arrangement for power supply until the sub-station is in place.

Out of a total area of 70 acres available for allotment at the Park, 23 acres have already been handed over to the 16 units that have units in the pipeline.

Units for manufacturing gloves, dry rubber, mattresses, reclamation rubber, modulated goods, bearing pads and tread rubber are among the 16 units that have been allotted land in the park. Among them, the intermediary mix unit being set up the Pala Marketing Cooperative Society is a major one.

The Rubber Park is located in the heart of the region where about 94 per cent of natural rubber in the State is produced and provides locational advantage to the entrepreneurs. Besides internal roads and virtually independent power and water supply set-ups, the Park offers container packing, testing and certification, Customs and Excise bonded warehousing, library and information centre and material component bank facilities to the entrepreneurs.

The Park will also have a common effluent treatment plant. Augmentation of the water supply system, hostels for workers and executives and testing and certification facility will be in place in the near future.

Printer friendly page  
Send this article to Friends by E-Mail

Southern States

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Marad issue: `Govt. cannot shirk its duty'
• PSC age bar not to be lowered
• CM's remarks stir up a hornet's nest
• SFI to press for law to protect students' right to education
• Rubber Park to start functioning next week
• Secularism implies equal justice to all: YC chief
• Cong. bid to get grama panchayat members disqualified
• NHRC moved for Marad rehabilitation
• NGO Union stages dharna
• It's viral infection, say Govt. doctors
• A versatile Keralite
• Curbs on deputation of Govt. doctors

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu