NABARD sanctions Rs 49.53 cr.for development of Technopark
Thiruvananthapuram | Saturday, Nov 21 2009 IST
 

National Bank for Agriculture and Rural Development(NABARD) had sanctioned Rs 49.53 crore for the development of Technopark at Kollam.

A release from Information Technology(IT), Kerala, said here today, this was the second funding by NABARD for an IT Infrastructure project under the Rural Infrastructure Development Fund(RIDF) scheme. The initial one was for the infrastructure development of Infopark at Kochi in the last financial year.

The Technopark would use the amount for the development of Kollam Technopark in Kundara.

Mervin Alexander, Chief Executive Officer(CEO), Technopark said the NABARD funding would be instrumental for the development of the Technopark at Kollam.

The NABARD had been mainly funding to the Agricultural and allied Sectors.

Kollam Technopark was recently notified as Special Economic Zone(SEZ) by the Centre, the release added.

-- (UNI) -- 21MS50.xml

 

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