City to get one on biotechnology and electronics
Three industrial corridors planned
Biotechnology incubation centre with Central aid
KOCHI: The Kerala Industrial Infrastructure Development Corporation (Kinfra) plans to set up a biotechnology and an electronics corridor along the Sea Port-Air Port Road in Kochi and a health and textile corridor between Kanjikkode and Walayar in Palakkad district along National Highway 47.
These are among the three industrial corridors, the third one being in Thiruvananthapuram, to be developed by the Corporation during the Eleventh Plan period. These corridors will qualify as commercial districts, said a Kinfra official. The decision in this regard was taken after careful evaluation of various parameters and with a view to encouraging private investments in significant quantum, he said.
There are pockets in the State which may offer one or more of the key drivers in drawing investments. But to effectively combine them all, special zones have to be identified and developed, the official added.
The industrial corridor plan complements Kinfra’s proposal to set up a product-specific special economic zone (SEZ) for the electronics industry on 30 acres of land as part of the ambitious High-tech Park at Kalamassery.
Approval for SEZ
The Union Government has given approval, in principle, for developing the proposed SEZ and the Kochi-based NeST Group has been identified as the private partner for the project.
The park will be promoted jointly by Kinfra and TCG Urban Infrastructure Holdings Limited. The park has been allotted 50 acres where land development is in full swing.
The Corporation has also taken the initiative to launch a biotechnology incubation centre with assistance from the Union Government through the Department of Biotechnology. The centre will house common equipment and instrument facilities like greenhouse and hardening facilities, tissue culture facilities, analytical laboratories, extraction facilities and patent facilitation centre.
A fully furnished research and development facility will be made available on lease to the industry at the incubation centre.
The Department of Biotechnology has already sanctioned Rs.11 crore for the development of the incubation centre.