Individual developers can set up industrial parks: Kerala

Thiruvananthapuram The Kerala government has decided to allow individual developers to set up industrial parks in the state and will provide them with Rs 3 crore for creating infrastructure facilities like roads, electricity and water supply within such estates.

To facilitate individual developers to set up the parks and give a boost to the industrial infrastructure in the state, the government has revised its Private Industrial Estate (PIE) scheme, the Kerala State Industrial Development Corporation (KSIDC) said in a statement. Earlier, only companies, cooperatives and consortia of Micro, Small and Medium Enterprises (MSME) units were eligible to take advantage of the PIE scheme of 2022, it said. "As per the revised scheme, individual developers having a minimum of 10 acres of land at their disposal can apply for developing industrial parks. So far, eight individual developers have been given permits to build private industrial parks in different parts of the state, and 20 applications are under process," it added.