Nearly 100 ancillary units to come up to supply components
The proposed rail coach factory in the district may make the Kanjikode- Pudussery- Walayar industrial belt the new industrial investment destination.
Union Minister for Railways Dinesh Trivedi will lay the foundation stone for the factory on Tuesday.
This will be the second rail coach factory in southern India after the one at Perambur near Chennai.
Kanjikode will witness an industrial boom as nearly 100 ancillary units will come up to supply components for the factory. The factory will provide direct employment to 500 people and a large number of people in the ancillary units, railway sources here said.
The factory will make Palakkad a main centre of Railways adding more infrastructure and passenger amenities, they said.
Already, BEML Limited, a mini-ratna company under the Ministry of Defence, had started two manufacturing units at Kanjikode at an investment of over Rs.300 crore. For expansion, BEML had acquired 600 acres adjacent to its existing units.
An integrated textile park constructed by Kinfra on a 300-acre plot to house major textile units had also started functioning. The proximity of Palakkad to the industrial city of Coimbatore and the textile city of Tirupur is an added advantage.
In the 12th Five Year Plan, the Centre had promised an IIT to Kerala and the State government had announced that it would consider it in Palakkad.
If the IIT was set up in Palakkad, it would provide an impetus to the industry and education sectors in the district and the State, said K.S. Mani of the Palakkad Management Association.
Palakkad had strategic advantages compared to any other city in the State to become the new industrial investment destination due to its central location and better road, rail, and air connectivity (Coimbatore airport), he said.
Dinesh Trivedi to lay foundation stone for factory today BEML Ltd. has started two units at Kanjikode
Dinesh Trivedi to lay foundation stone for factory today
BEML Ltd. has started two units at Kanjikode