Kerala government has expedited measures to develop the region along the 78-km Outer Ring Road project in Thiruvananthapuram as a special investment zone. The draft Special Investment Region (SIR) Bill for the same is under active consideration of the government and it will be enacted soon.
As per the details with the government, the zone along the 78-km-long Outer Ring Road will be developed as a global investment hub offering world class facilities. The government will develop the zone including it under the Capital Region Development Program-II.
Currently, the Outer Ring Road project connecting Thiruvananthapuram with Vizhinjam International Seaport is being developed by National Highways Authority of India (NHAI) under Bharatmala Pariyojana Scheme. “The government is aiming to develop the zone as a global investment hub that will have all facilities. The government is examining the draft SIR Bill prepared by the CRDP,” Industries Minister P Rajeev recently said in a reply to a question in the assembly.
He said the government will develop 2.5 kilometres of area (Outer Area Growth Corridor) on either side of the Outer Ring Road project from Navaikulam to Bypass at Balaramapuram as the special investment zone. “The land required for the Special Investment Zone will be acquired through land pooling. A draft rule has been prepared by CRDP for the land pooling and the government is also examining it,” the Minister said, adding that a Master Development Plan (MDP) has been prepared for the development of the Special Investment Zone.
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