thiruvananthapuram the state government has given the nod for rs 600 crore to develop industrial development zones idzs in thiruvananthapuram kochi kozhikode and kannur at a project builtin cost of rs 146692 crore by kerala industrial infrastructure development corporation kinfra the detailed project report is ready and has been submitted to the government idz project is all set for launch this year with the state governments administrative sanction for rs 600 crore we have identified 2300 acres in various pockets and they will be acquired in a few years land acquisition is a major challenge as far as possible we will try to acquire land that is less inhabited kinfra managing director s ramnath told toi with the state grant of rs 600 crore including rs 100 crore allotted in kerala budget2013 kinfra plans to mobilize rs 600 crore by way of loans or bonds and rs 26692 crore through internal accruals as the business proceeds idzs will be developed around major seaports and airports and kinfra plans to acquire 3000 acres in 10 years including 500 acres in two years kinfra idz project special officer c jayasankar prasad said sbicaps is the advisor to kinfra to implement the idz project while jll consultants has prepared the business plan including the land required and project cost of the total project cost of rs 146692 crore rs 69005 crore will cost for land acquisition rs 66462 crore for development including infrastructure cost and rs 11225 crore for interest levied during construction and financing charges he said target industries identified in idzs include food and agrobased units engineering it and itenabled services textiles gems and jewellery focus will be on nonpolluting green industry mostly manufacturing including electronics and all industrial units operating in idz will get tax incentives with fullfledged infrastructure support central capital subsidy with logistic support as it is close to seaport and airport jayasankar prasad said now land acquisition is cumbersome as it has to be based on the new land acquisition rehabilitation and resettlement lar act of the union government introduced on january 1 this year based on lar act the state government has to draft the rules and the revenue department has formed a committee to draft them but unless the rules are in place the land acquisition cannot be carried out the officials said based on lar act the land acquisition requires the permit by 70 of people to sell land 100 solatium to be paid based on the land rate in urban area and it would be double in rural areas including rehabilitation cost while social impact assessment studies sia are critical which have to be done within six months prasad said without bypassing the lar act we are looking for other possibilities for state support to acquire land to develop an idz if the land is least inhabited and if the land owner is willing to sell the land if given proper compensation ramnath said land acquisition will be in three modes including procuring