Business Standard
Sunday, May 27, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Birla Group plans Rs 4,000 cr Knowledge Park in Kerala
P B Jayakumar & Nevin John / Mumbai Oct 14, 2009, 00:57 IST

Left Democratic Front meets today to consider the proposal

Kumar Mangalam BirlaKumar Mangalam Birla-led Aditya Birla Group plans to invest over Rs 4,000 crore in future technologies by setting up a Knowledge Park and a branch of the Birla Institute of Technology and Sciences (BITS) at Kozhikode in Kerala.

The ruling Left Democratic Front (LDF) will consider the proposal from the Birla Group at its meeting tomorrow.

The commodity-driven business group, so far mainly into manufacturing sectors like cement, metals and fertilisers, plans to float a separate company under group company Grasim Industries to invest in nanotechnology, biotechnology, cutting-edge research and development (R&D), knowledge process management, besides advanced information technology (IT) services at the proposed park, said a group executive.

Elamaram Kareem, Kerala industries and commerce minister, told Business Standard that the Knowledge Park, one of the largest of its kind in India, will come up on 320 acres of land at Mavoor in the suburbs of Kozhikode city on the site of a defunct pulp and fibre unit owned by Gwalior Rayons (now Grasim).

Sources said the Birla group also plans to set up an arm of BITS at the site at the state government’s request. Kozhikode already houses two nationally renowned higher education centres — the National Institute of Technology (NIT) and the Indian Institute of Management (IIM). The Birla group is looking to tap the synergy of these two institutes working in tandem with the project.

The Knowledge Park is the result of a suggestion made by the government that Grasim consider setting up non-polluting projects at the site of the factory, which was closed in 2001 owing to cheap competition from imported fibre and an intense environmental agitation against the management for polluting the Chaliyar River, the lifeline of Kozhikode city.

As part of plans to revive the fortunes of the erstwhile Gwalior Rayons, the former government led by the Congress had suggested that the Birlas either set up another industry or return the land to the state government. The government had also decided to take back the land, invoking provisions of the Land Reforms Act, if the management failed to develop an alternative project

Later, the Birla Group filed a case against the government on the land issue in the high court. Kareem said the LDF government was keen to settle the issue out of court, as the proposed project, which is 30 km away from the Karipur International Airport, is crucial for the development of the state.

Kareem, who was once associated with Gwalior Rayons as a trade union leader, said the Birla blueprint envisaged creating direct employment for over 100,000 professionals and indirect employment for 300,000 people.

T Balakrishnan, Principal Secretary (Industries), Kerala, said the government would give its final approval after the LDF green signal.

Sources said the group had hired an international consultant for a detailed feasibility study on possible non-polluting industrial ventures at Mavoor, where the Birlas had set up a rayon-grade pulp unit in 1962 and a fibre factory six years later.

Mavoor was in the news in the early part of this decade for the alleged suicide of about 11 of the 3,000-plus workers who lost their jobs when the factory closed.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- EGoM to now decide on base price for spectrum auction
- Rohit Viswanath: The news about soft power
- Air India pilots wanted a halt to command training of IA pilots
- ICICI Pru Life to use multiple CEOs to drive profitability
- K Yhome: Myanmar and India - a bridge, and a gateway to the East
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us