What is (KINFRA), Kerala Industrial Infrastructure Development Corporation?
KINFRA full from Kerala Industrial Infrastructure Development Corporation, it is an investment company that was set up in the state of Kerala, India, in 1993. KINFRA is focused on developing industrial infrastructure in Kerala, which it believes will help to drive economic growth and create jobs in Kerala. Since its inception, KINFRA has invested in a range of projects, including ports, airports, power plants, and industrial parks. It has also invested in companies that operate within the industrial infrastructure development sector. The head office of KINFRA is located in Thiruvananthapuram, the state capital of Kerala. Over the years, KINFRA has invested millions of dollars into various projects across Kerala, including projects designed to improve transportation and energy infrastructure.
KINFRA: A Brief History
KINFRA is a public sector company that was set up in 1993 to develop industrial infrastructure in Kerala. The company has so far invested over Rs 2000 crore in the state’s industrial sector. KINFRA currently has nine subsidiaries, including KINFRA Infratech Limited, which is the company’s flagship arm. The subsidiary is engaged in the development of information technology and allied services.
The main focus of KINFRA is to promote investment and growth of industrial sectors in Kerala. The company offers various incentives, including free land and taxes, to companies that set up businesses in Kerala. It also provides financial assistance to startups and small-scale entrepreneurs.
The government of Kerala believes that the development of an industrial base will create more jobs and improve economic conditions in the state. KINFRA is thus seen as a key player in promoting Industrialisation and Economic Development in Kerala.
Read – What is (KSIDC), Kerala State Industrial Development Corporation ?
Functions of KINFRA, Kerala
KINFRA is a statutory body that has been set up to enable the growth of industrial estates in Kerala. It provides infrastructure and support to businesses, including warehousing and Export-Import facilities, and offers tax breaks and other inducements. KINFRA also assists in the development of land parcels for industrial use. KINFRA is also Introducing investor-friendly policies in Kerala and offerings by inculcating best practices in the allotment, lease and sublease, and land-policy strategies.
KINFRA is dedicated to catalysing Industrial growth in Kerala by providing the best industry-specific infrastructure. KINFRA has identified over 20 core competency areas to boost the economy of Kerala and develop Kerala as an Industrial hub in India.
Projects Undertaken by KINFRA, Kerala
Kinfrra, Kerala Industrial Infrastructure Development Corporation is a state-owned enterprise under the Ministry of Industries and Commerce, Government of Kerala, India. Kinfrra was established with the aim to promote industrial development in the State of Kerala through strategic investment in infrastructure facilities and the creation of an enabling environment. The corporation has developed over 220 hectares of industrial estates in the districts of Thiruvananthapuram, Kollam, and Ernakulam. The corporation has focused on developing clean technology industries such as information technology (IT), pharmaceuticals, biotechnology, and chemical, and food processing, Rubber Parks, Food Processing Parks, Defense Parks, and Apparel Parks.
The corporation has initiated projects worth Rs 2,000 crore across various sectors such as power generation, logistics and manufacturing.
Industrial Parks Developed by KINFRA in Kerala
Industrial parks are a key component of industrial development in Kerala. It has 24 well-defined KINFRA Industrial parks of which many are functional and some are in the launching phase. The most fascinating feature of KINFRA is that it offers single-window clearance facilities to investors in Kerala.
The first industrial park of KINFRA was KINFRA International Apparel Parks It is located in Menamkulam, Kazhakkutom, Thiruvananthapuram, established in 1995. KINFRA has developed various types of industrial parks across Kerala: urban, semi-urban and rural. Urban parks are located within metropolitan areas while semi-urban and rural parks are located outside metropolitan areas. All types of parks have similar essential features but differ in terms of layout and location.
The primary objective of industrial parks is to provide a conducive environment for companies to set up and operate their businesses. Essential features of an effective industrial park include well-developed infrastructures such as good transport and communication facilities, skilled manpower, and availability of land.
Here is the list of Few KINFRA Industrial Parks in Kerala
- KINFRA Mega Food Park, Palakkad.
- KINFRA Defence Park, Ottapalam, Palakkad
- Electronic Manufacturing Cluster, Kakkanad, Ernakulam
- Petrochemical Park, Kochi
- KINFRA Techno Industrial Park, Malappuram
- KINFRA Industrial Park, Wayanad
- KINFRA Industrial Park, Thalassery
- KINFRA Industrial Park, Ottapalam
- KINFRA Industrial Park, Nellad
- KINFRA Industrial Park, Mundakal, Kollam
- KINFRA Industrial Park, Kunnamthanam, Pathanamthitta
- KINFRA Industrial Park, Koratty
