The Hindu : Business : Kinfra invites bids to develop infrastructure

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Tuesday, Nov 21, 2006
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Kinfra invites bids to develop infrastructure

Staff Reporter

Proposed project expected to generate 10,000 jobs in five years

KOCHI: The Kinfra Export Promotion Industrial Park, a fully owned subsidiary of the Kerala Industrial Infrastructure Development Corporation, has invited expression of interest (EoI) from companies to develop 75 acres of its land at Kakkanad for eco-friendly, non-polluting, export-oriented industries (EoUs).

Kinfra managing director A.S. Suresh Babu said here recently that the land would be allotted to the company on lease.

Applicants have been asked to submit business plans with a detailed master plan and land utilisation plan for approval.

Kinfra has insisted that the proposed project should generate at least 10,000 jobs within the first five years of signing the lease agreement. Joint ventures or consortiums floated for the purpose of bidding would not be considered.

The applicant should be a large industrial entity with a proven track record in developing infrastructure or commercial projects, says the invitation for EoIs.

Kinfra will initially shortlist the companies based on their eligibility. The eligible companies will be asked to submit master plans and price bids. The company quoting the highest amount above the floor price will be chosen to develop the land subject to approval from the Kinfra Board.

The Kinfra Export Promotion Industrial Park has already developed 180 acres of land, of which 90 acres has been transferred to the Infopark, a society under the Kerala IT Mission.

Another 90 acres has been allotted to export-oriented manufacturing industries.

The facilities at the Kinfra Export Promotion Industrial Park include a 110 kV sub-station with distribution licence status, dedicated water supply facility, Park Single Window Clearance Board and communication facilities.

Meanwhile, Kinfra has decided to develop on its own 25 acres of land in Kakkanad. This is part of 100 acres now available to the Corporation for development.

Mr. Suresh Babu said Kinfra was likely to use funds from the Union Commerce Ministry, which is backing projects to develop infrastructure facilities for export.

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