Fourteen new private industrial parks will be launched in the tate this year, Industries Minister P.Rajeeve has said. He was speaking after launching a portal for submitting applications to open private industrial estates, here on Wednesday. General Education Minister V.Sivankutty launched a portal for grievance redressal.
Mr.Rajeeve said that the easing of various processes to create a favourable investment environment will inspire many to open private industrial parks. Though the policy for developing private industrial parks had come into existence earlier, it was not being implemented practically. Individuals, co-operatives, trusts and partnership collectives can open industrial estates.
Till now, 14 applications have been received for setting up private industrial estates. The private industrial estate project was launched with an aim to address the issue of non-availability of suitable land for industrial projects in the state. Under the project, the State Government will provide up to ₹3 crore of financial support for developing suitable private land of 10 acres or above in area as private industrial estates. Standard design factories can be established in plots having an area of atleast 5 acres.
