'Infrastructure' company in Kerala

Thiruvananthapuram, Mar 13 (UNI) A company has been registered in Kerala for infrastructure development named 'Infrastructure Kerala Ltd', in tie-up with private sector for rapid industrial growth, Industries Minister Elamaram Karim said today.

Infrastructurs Kerala Ltd would soon start functioning with a paid up capital of Rs 100 crore.

Private individuals and companies would hold 74 per cent shares of the company, while the rest would be with government institutions. The government would also seek the participation of Non-Resident Keralites in the project.

The company would identify and develop suitable land for various industrial projects. There was also a proposal to create a land bank under the company, the minister added.

UNI