Kerala Government Approves Fund For Kochi-Palakkad Hi-Tech Industrial Corridor Land Acquisition

Kerala government has sanctioned Rs 70 crore to the Kerala Industrial Infrastructure Development Corporation (KINFRA) for land acquisition for the development of the Kochi-Palakkad Hi-Tech Industrial Corridor, Times of India reported.

The sanctioned amount will be utilised for repaying loans funded by the Kerala Infrastructure Investment Fund Board (KIIFB) specifically for land procurement.

The corridor forms a key segment of the Kochi-Bangalore Industrial Corridor (KBIC), a major infrastructure initiative aimed at expanding industrial connectivity across South India.

Earlier, KINFRA had requested Rs 200 crore for the financial year 2025–26 to support this effort.

The latest fund release comes with specific conditions attached, according to the official order.

The state has given comprehensive administrative approval for the hi-tech corridor project, pegged at a total cost of Rs 2,608 crore.

This sum accounts for the repayment of loans obtained from KIIFB for land-related expenses.

Once operational, the KBIC will span 2,060 acres across Kerala and will include two major nodes: the Industrial Manufacturing Cluster (IMC) in Palakkad and the Global City, formerly known as Gift City, in Ayyampuzha, Ernakulam.

The IMC in Palakkad was among 12 new industrial corridor developments approved by the Cabinet Committee on Economic Affairs last year under the National Industrial Corridor Development Programme (NICDP), chaired by Prime Minister Narendra Modi.

Meanwhile, the proposed Global City project, expected to rise on 350 acres in Ayyampuzha, awaits formal approval from the central government.

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