KOCHI:Even as the initially proposed investment of Rs 750 crore has been downsized to Rs 570 crore, the Electronic Park project at Amballoor in Ernakulam, the first of its kind in the state, would generate around 1,000 direct and 4,000 indirect jobs.
It is learnt that the land acquisition for the Electronic Park will begin in two months. And, once the acquisition process is over, the project, which will be implemented in a public-private partnership model, can be completed within eight months.
“The joint inspection and survey formalities for the Electronic Park are under way. The land acquisition is likely to start in two months. In the first phase, only the plots that fall under the category of land will be acquired. We have written to the KSIDC, which is the nodal agency for the project, for funds to carry out the process,” Ernakulam District Collector M G Rajamanikyam told Express.
After acquisition, the land will be leased out by the government to start companies at Amballoor.
The park is being envisaged as an electronic hub to promote the manufacture and assembly of hardware as well as supporting infrastructure. It will also have R and D centres.
With the implementation of the project, the government aims to develop Kerala as an electronic goods manufacturing hub.
“The main hurdles for the project have been cleared now. Earlier, the government had stated that the project could be started only after getting all necessary clearances. But, with the latest state government decision, the land acquisition process and acquiring clearances will be carried out simultaneously.
“Land acquisition will not be an issue as the people are willing to give land for the project, which will be a major boost to the manufacturing sector in the state. A clear cut vision about the project could be chalked out only after completing land acquisition,” sources said.