3 months ago
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The Cabinet connected Wednesday gave the motion for acquiring 60 acres adjacent to the Vikram Sarabhai Space Centre (VSSC) for establishing Aerospace Control Systems Centre nether the Kerala SpacePark (KSpace).
The authorities has sanctioned ₹600 crore nether the onshore acquisition excavation of the Kerala Infrastructure Investment Fund Board (KIIFB) for the onshore acquisition nether the Right to Fair Compensation and Transparency successful Land Acquisition, Rehabilitation and Resettlement Act.
Orders volition beryllium issued assigning KSpace arsenic the peculiar intent conveyance (SPV) for the acquisition. The Chief Executive Officer of KSpace volition beryllium appointed arsenic the requisitioning authority.
An inaugural of the Kerala government, KSpace is aimed astatine promoting the constitution of industries successful the domains of abstraction and related areas successful aviation and defence. It envisages processing Kerala arsenic a large hub for these domains and thereby generating employment opportunities.
