Key Takeaways
- The Kochi-Bengaluru industrial corridor project was initiated in August 2019, with equal support from state and central governments.
- By July 2022, Kerala completed 85% of the necessary land acquisition, totaling 1,152 acres.
- The project involves extensive infrastructure improvements, including roads, water supply, and wastewater treatment systems.
Kochi-Bengaluru Industrial Corridor Project Details
The Kochi-Bengaluru industrial corridor aims to enhance connectivity and boost economic growth between the cities of Kochi and Bengaluru. Launched in August 2019, the project enjoys equal backing from both the Kerala state government and the central government. In September 2020, Kerala began its efforts to implement the initiative.
By July 2022, remarkable progress had been made, with the state successfully completing 85% of the land acquisition process, which involved securing 1,152 acres over a span of 14 months. This significant milestone was communicated to Union Minister of Commerce and Industry, Piyush Goyal, by State Industries Minister P Rajeeve last June.
The project is being coordinated by the Kerala Industrial Corridor Development Corporation, a Special Purpose Vehicle (SPV) formed for this purpose. In this collaboration, the Kerala Industrial Infrastructure Development Corporation (KINFRA) and the National Industrial Corridor Development and Implementation Trust each hold equal stakes.
As part of the infrastructure development, the project will include the construction of essential facilities such as road networks, drainage systems, bridges, and a comprehensive water supply system. Furthermore, it will also address fire safety measures, water recycling initiatives, and the establishment of both sewerage lines and an industrial wastewater treatment plant. These improvements are expected to significantly enhance the region’s industrial capabilities and address key infrastructure challenges.
The successful realization of this corridor project holds great promise for driving economic activity, attracting investment, and creating job opportunities in the region. This initiative aligns with the broader vision of fostering industrial growth and sustainable development in India.
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