Property Plus
Coimbatore
A zone that is special
The Kerala Industrial Infrastructure Development Corporation (Kinfra) Food Processing Park at Kakkancherry bordering Kozhikode and Malappuram districts is fast emerging as a Special Economic Zone in North Kerala. Situated just 10 km from the Calicut airport and well-connected by the National Highway 17, this park is poised for big growth in the future. It has immensely contributed to the growth of the realty sector in Kozhikode city as well. Kakkancherry is ha
lf-an-hour drive from the city.
The Centre has already approved the 30-acre of land for setting up a Food Processing Special Economic Zone. From a modest cluster of food-processing units since its inception four years ago, the park recently boomed into a promising Information Technology (IT) and Information Technology-enabled Services (ITeS) hub.
“Some of the food-processing units are doing exceptionally doing well. The annual turnover of the companies overall crosses Rs.20 crore. However, the IT and ITeS sectors are yet to be flourish in a big way. Some of these are in their infancy. New companies have evinced interest to start business at the park,” says S. Ramnath, Managing Director, Kinfra.
Former President A.P.J. Abdul Kalam dedicated the park on September 23, 2003. The authorities ever since have been wooing entrepreneurs offering world-class facilities at this picturesque location. Most companies that have set shop are based on manufacturing valued-added products.
They have experimented with spice extracts, oleoresins, curry powder, natural colours and flavours, meat-processing, malted food, high-fructose syrup from cassava, ready-to-eat snacks, pineapple and mango products, canned or dried fruits and vegetables, breakfast cereals, nutrition foods, weaning food, poultry or dairy products and vegetable oils.
“Our campaign evoked tremendous response from entrepreneurs from Malabar. Most companies have established units such as vegetable oil refining units, diary products, organic vegetable importing units and jam, non-alcoholic beverages and ice cream units,” Mr. Ramnath says. As many as 24 entrepreneurs have set up business. The total investments come to the tune Rs.50 crore. Around 500 people have been employed at various levels. Companies also deal with production of cakes, bread, flavoured milk, soft drinks and soda, rice powder and wheat powder.
BIJU GOVIND
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