The State government has sanctioned a Rs.5-crore project for the modernisation and development of the Kanjikode Industrial Development Area in the district.
The government has released a sum of Rs.3.5 crore and the remaining Rs.1.5 crore will be shared by industries in the area.
An amount of Rs.4.67 crore will be spent for reconstruction of internal roads, providing side drains, for retaining walls and construction of two culverts.
A sum of Rs.23.3 lakh has been sanctioned for providing street-lights; Rs.2 lakh for road maps and signboards; Rs.4 lakh for two arches and Rs.3.2 lakh for a bus waiting shed.
Kanjikode Industries Forum president K. Pankajakshan, in a statement here on Saturday, said the modernisation and development of the industrial area would go a long way in overall growth of this industrial town.
The Kanjikode industrial belt was on the path of development. The Integrated Textile Park coming up on 350 acres of land, the BEML project coming up on 400 acres and the Rail Coach Factory planned on 500 acres of land would make it a major industrial area in the country, the statement said.
The construction of a 110-kV substation at Walayar and a 400-kV substation at Elappully would solve the power problem.
These steps would go a long way in attracting more industrial units to Kanjikode, it said.