KINFRA park at Wyanadu is all set to open
By Our Corporate Bureau | 26 Aug 2004
Kochi: The industrial park of Kerala Industrial Infrastructure Development Corporation (KINFRA) at Wyanadu, is all set to open for entrepreneurs. The park, constructed on a 50-acre plot at Vellaramkunnu, is expected to change the industrial landscape of the district.
According to KINFRA media advisor KN Sreekumar, for the first phase of the project the corporation has developed 20 acres of land, investing Rs3.5 crore, which could accommodate 50 industrial units. To make the park more attractive to investors, its infrastructure like roads, electricity, water supply and other basic essentials, would adhere to international standards, he said.
Work on a 100-tonne capacity cold storage at the park is in its final stage. A special feeder from the Koothamundam sub-station would ensure unhindered power supply to the park. To make procedures hassle free, the park offers single window clearance for all licences. Investors can take the plots in the park on lease for 99 years by paying 30 per cent of the total value, which has been fixed at Rs12,330 per cent. The balance amount should be paid within five years.
The park is expected to invigorate the fledgling food processing industry in the district as well as support the ailing farm sector. Most of the projects submitted for clearance were for processing farm produces like tapioca, banana, ginger, pepper, mango, coffee, grape, coconut and arecanut. About five industrial groups including Baby Vita, HOPCO and Gulf-based Al Hadi Exporters have already bought plots in the park.
