Thiruvananthapuram, Feb. 24 -- In a major policy decision aimed at accelerating industrial growth, the Kerala Government has authorised the Kerala Industrial Infrastructure Development Corporation (KINFRA) to independently raise loans of up to Rs 1,000 crore for land acquisition and infrastructure development across the state.
Industries Minister P. Rajeeve has said the government would extend its guarantee to enable KINFRA to directly mobilise funds from financial institutions. The move marks a significant shift in the state's industrial financing strategy, granting greater financial autonomy to the agency.
Until now, KINFRA primarily relied on mechanisms such as the Kerala Infrastructure Investment Fund Board (KIIFB) for funding major p...