Monday, 14 September 2015

Footwear Park: land allotment for investors in six months

Predicting sunny days for Malabar’s footwear industry, the Kerala Industrial Infrastructure Development Corporation (KINFRA) will begin the formal land allotment process for potential investors at its upcoming Footwear Park at Ramanattukara in six months.

Though it may take around two years to complete the mega undertaking, the land allotment process, planned to begin at an early stage, will help potential investors in the sector to choose the desired area for better planning of their business activities.

To speed up the allotment procedures, the technicalities involved in the acquisition of around 30 acres of land have been cleared by the KINFRA team. Land conversion approval too is now with KINFRA to start the basic development works at the earliest.

“The main attraction of the business space is that an investor can occupy even 10 cents of land inside the park. Big players can think of securing an area up to five acres,” said a senior officer attached to KINFRA.  He also exuded confidence in completing the entire project in two years as fund allotment is hardly a problem, with the Ministry of Industries extending support to the project.

Once completed, the largest beneficiary of the exclusive footwear park will be the small and large-scale entrepreneurs from Kozhikode district. As per the official figures of the District Industries Centre and the Footwear Manufactures Association of Kerala (FOOMA), around 200 footwear manufacturing units are   functioning in Kozhikode district alone. “Here, not less than 10,000 people are directly or indirectly involved in the making of the product, they point out.

Officials attached to KINFRA say the Rs.107-crore project is expected to create ,2000 direct employment opportunities with the beginning of full-swing operations. The indirect employment opportunities anticipated alone will come to around 3,500, which will come to the help of several ancillary units in the industrial sphere, they add.

For budding entrepreneurs, the main attraction will be the Footwear Institute planned on nearly five acres of land adjacent to the footwear park. It will hold specialised training for the young entrepreneurs and provide their expertise to the further development of the park.
http://www.thehindu.com/news/cities/kozhikode/footwear-park-land-allotment-for-investors-in-six-months/article7650665.ece

 
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