private land on market rate and secondly acquiring land from those interested to earmark a part of their land for development of infrastructure in idz with their right to utilize the basic infrastructure such as road thus the idz will be developed as certified industrial parks and thirdly by land pooling from those who are willing to lease undeveloped land to get it developed and later sell the developed land at high rate thiruvananthapuram the state government has given the nod and administrative sanction of rs 600 crore for the ambitious project to develop industrial development zones idzs in thiruvananthapuram kochi kozhikode and kannur at a project built in cost of rs 146692 crore by kerala industrial infrastructure development corporation kinfra the detailed project report is ready and submitted to the government idz project is all set for launch this year with the state government approval and administrative sanction of rs 600 crore we have identified 2300 acre land in various pockets and it will be acquired in few years land acquisition is a major challenge and as far as possible land that is less inhabited will be acquired 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 mobilise 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 acre land in 10 years including 500 acre in two years kinfra idz project special officer drc jayasankar prasad said sbicaps is the advisor to kinfra to implement idz project and jll consultants have prepared the business plan including land required and project cost of the total project cost of rs 146692 crore rs 69005 crore will incur for land acquisition rs 66462 crore for development including infrastructure cost and rs 11225 crore for interest charged during construction and financing charges he said target industries identified in idzs include food and agro based engineering it and it enabled 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 indian government introduced on jan 1 this year based on lar act state government has to draft the rules and revenue department has formed a committee to draft the rules but unless the rules are in place land acquisition cannot be carried out the officials said based on lar act land acquisition requires the permit by 70 per cent of people to sell land 100 per cent solatium to be paid based on the land rate in urban area and