For bringing in more investment from global companies operating in technology, electronics, defence and food processing sectors, Kerala government is betting big on Kerala Industrial Infrastructure Development Corporation (KINFRA) which has been able to attract private investment of Rs 1862.66 crore in the last two years.
Industries Minister P Rajeev says that KINFRA’s performance has fuelled state’s economic growth and created over 24000 jobs. “Business friendly policies of the state have attracted more investors to the state. The single window clearance system for approving projects coming in through Kinfra has also made companies to invest in Kerala,” Rajeev wrote in an FB post. As per the details, companies like Tata Elxsi, Agape, Hykon, Vinvish Technologies and V Guard have heavily invested in developing their facilities in different industrial parks of Kinfra.
According to officials, Kinfra could emerge as a key player in attracting investments after overhauling its functioning and developing land parcels to cater to specific categories of companies. In the last two to three years, Kinfra has been focusing on developing Defence Park, Spice Park, Petrochemical Park and Rice Technology Park.