Synopsis
Kerala's Industrial Corridor Development Corporation (KICDC) confirmed that the Palakkad Industrial Smart City-part of the Kochi-Bengaluru Industrial Corridor-will be realised in a single phase. Works are slated to begin either by the end of the month or in the early part of the next. With land acquisition largely completed and central and state funding well underway, KICDC aims to deliver infrastructure within 42 months before allotting parcels to industrial players.
KICDC recently announced that it would execute the infrastructure development for the Palakkad Industrial Smart City in a single consolidated phase. The agency noted it has already taken preliminary steps toward that end. A coordination meeting among the contracting consortium-Dilip Buildcon-PSP Projects-and the National Industrial Corridor Development and Implementation Trust (NICDIT) is due next week.
The development works are expected to start either by the end of this month or in the early days of the next, according to the Industries Principal Secretary. KICDC added that central government funding would be released in stages. Once the Centre confirms its share, the state will transfer relevant land portions, which were previously held by Kerala Infrastructure Development Corporation (KINFRA), to KICDC.
So far, the central government has disbursed INR 313.5 crore across two installments, and the Kerala state government has handed over around 330 acres of land. The third instalment from the Centre is anticipated in the near term, as per KINFRA's managing director.
Officials claim that Kerala leads procedurally compared to the 12 other Industrial Smart City projects nationwide, citing that tendering processes for infrastructure are already complete. KICDC targets finishing infrastructure development within 42 months, after which allotment to companies will follow. Although land transfer will proceed in phases based on fund availability, the infrastructure piece will be executed all on already acquired land.
Previously, Kerala had spent INR 1,489 crore via the Kerala Infrastructure Investment Fund Board (KIIFB) to acquire 1,450 acres. The decision to extend the Chennai-Bengaluru Industrial Corridor to Kochi and to establish the Kochi-Bengaluru Industrial Corridor dates back to 2019. Implementation procedures in Kerala began in 2020, and by mid-2022 about 85 per cent of the land had already been procured. The Palakkad Smart City is being developed under a special purpose vehicle jointly owned by KINFRA and NICDIT with equal equity.
The decision to implement Palakkad Industrial Smart City in a single phase underlines a strong commitment to integrated, streamlined infrastructure delivery. With significant land acquisition already completed and funding flows underway, KICDC is positioning Kerala ahead of many peers on the timeline front. If the projected 42-month timeline holds, the region could soon become a magnet for industrial investment, transforming the local economic landscape. The success of this endeavour will depend on timely fund releases and coordinated governance between central, state and project agencies.
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Dieser Artikel ist neu veröffentlicht von / This article is republished from: Prop News Time , 15.10.2025
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