Kannur, July 8, 2008: Kerala is all set to witness a quantum leap in economic activities with the Government proposing to have second Special Economic Zone (SEZ) in the state.
Talks are also on to set up an Information Technology park in the sleepy hamlet of Cheemeni in Kasaragod district.
The government has already acquired 100 acres from Kerala State Cashew Plantation Corporation for the IT project and will invest Rs 1,000 crore in it, State Information Secretary, Dr Ajay Kumar told PTI.
After setting up its first SEZ in Kochi, the government has chosen Cheemeni as part of its move to utilise the immense human resource in the relatively backward area of the state, Mr Kumar said.
The government plans to spread industrial activities in about 500 acre land in Cheemeni and plans to transform the region as major IT hub, he said.
“We are expecting the final clearance from the Centre shortly,” the secretary said adding, the IT unit in the proposed SEZ would not lead to environmental degradations.
Stating that the proposal for setting up the SEZ is being processed by the Union Environment and Commerce Ministries, he said a special officer would be appointed soon for the Joint Venture project, for which leading industrial groups are willing to inve st in. - PTI
Source: The Hindu Business Line
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