KOCHI: The Kerala government on Thursday held a high-level meeting of all stakeholders in Thiruvananthapuram to fast-track the process of setting up the Petrochemical Park project in Kochi following no concrete progress in its move to acquire 481.79 acres of FACT land at Ambalamedu nearly two months after the Central Government gave its nod.
The meeting, convened by K Ellangovan, Principal Secretary (Industries & Commerce), decided to authorise Kerala Industrial Infrastructure Development Corporation (Kinfra) to acquire the 481 acres through a ‘direct registration process’ or ‘negotiated purchase’ route. Out of the 481 acres, BPCL-Kochi will take 170-acre on lease for its polyols project.
