The Kerala government has greenlit ₹70 crore for land acquisition along the Kochi–Palakkad Hi-Tech Industrial Corridor, marking a significant step forward in the ambitious Kochi–Bangalore Industrial Corridor (KBIC) project. The funds, sanctioned to KINFRA, will be used to repay a loan from the Kerala Infrastructure Investment Fund Board (KIIFB), enabling critical land acquisition activities to progress. With a total administrative sanction of ₹2,608 crore, the project covers 2,060 acres and includes two major hubs: an Integrated Manufacturing Cluster in Palakkad and the proposed Global City at Ayyampuzha in Ernakulam. The corridor forms part of the National Industrial Corridor Development Programme, under which Palakkad is among 12 approved smart industrial cities. The state has already secured ₹1,489 crore from KIIFB and ₹1,789.92 crore in central equity support for the Palakkad node. This new funding underscores Kerala’s commitment to transforming its industrial landscape through infrastructure-driven growth and job creation.
