Kerala speeds up Kochi-Bengaluru Industrial Corridor

Kerala government has fast tracked the process of building Kochi-Bengaluru Industrial Corridor as the state agencies have already completed the acquisition of 80 per cent of the land in Palakkad district. The idea is to create special economic zones along highways that connect states. In fact, the Kochi-Bengaluru Industrial Corridor is a spur of the one linking Chennai and Bengaluru.

Almost ₹1,236 crore has been spent for land acquisition and another ₹1,300 crore is needed for completing the acquisition work. The KIIFBI is providing fund as loan to the nodal agency and there is a plan to acquire a total of 2,060 acres of land situated in places like Puthussery Central village, Puthussery West village and Kannambra villages in Palakkad district, and Ayyampuzha village in Aluva taluk in Ernakulam district. The first stage of the land acquisition work is over, and the inspection of the expert committee is underway to acquire another 11 acres of land. According to the KINFRA, rest of the land will be acquired in one month's time.