How KIIFB is helping the fisheries & electric sectors flourish in Kerala

Minister Saji Cherian highlighted the significant development initiatives underway in the state's fisheries and cultural sectors. KIIFB has earmarked Rs 150 crore for renovating Chitranjali Studio. The Sree Narayana Guru Cultural Complex in Kollam, constructed at a cost of Rs 49.68 crore, has been inaugurated, alongside the V.T. Bhattathiripad Cultural Complex in Palakkad, which was built at a cost of Rs 68 crore. Additionally, theatres are being established in various districts.

The Fisheries Department has undertaken construction projects worth Rs 426 crore through KIIFB. This includes the initiation of 51 fish markets valued at Rs 142 crore. Other KIIFB-backed ventures include a fishing port costing Rs 139 crore, coastal protection projects, and the Punargeham project, which aims to build 400 houses in Valiyathura. Two fishing port projects worth Rs 139.38 crore were also launched during this period, along with six coastal protection projects valued at Rs 106.12 crore, which were approved for implementation through the Coastal Development Corporation.
Funding allocations include Rs 112.22 crore for the Parappanangadi fishing port and Rs 97.43 crore for the Chetti fishing port project, both of which are currently under construction. The minister also emphasised the extensive cultural projects in Aranmula and other initiatives involving various academies. He further clarified that additional activities related to the fishing sector are in the pipeline.

Minister K. Krishnankutty stated that Kerala is working towards achieving electricity self-sufficiency, with several projects currently underway. Addressing voltage shortages was prioritised, leading to the planning of 14 substations at a cost of Rs 718.79 crore. Of these, 12 have been completed, while construction on the remaining two is ongoing.
KSEB has received Rs 1,862.51 crore in assistance through KIIFB for various initiatives, including the completion of stalled substations. Additionally, Rs 1,157.72 crore in KIIFB funds has been allocated for the construction of nine extra high-tension lines. The completion of the Trans Grid project is expected to reduce transmission losses by 520 million units, resulting in savings of Rs 250 crore.
Development projects in the Chittoor constituency have also benefited from KIIFB assistance. The minister mentioned that a draft proposal has been submitted to secure KIIFB funding for electricity generation and distribution projects, including the expansion of hydroelectric facilities and the establishment of additional substations.
Learn more about KIIFB here.
Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content