Kerala Government has decided to set up a pilot production facility for graphene. The production facility will cost ₹200 crores (over USD$24 million), the Chief Minister's Office said in an official statement.
The innovative facility will be established on a public-private partnership model. The Kerala Digital University would be the implementing agency, and Kerala Industrial Infrastructure Development Corporation (KINFRA) has been appointed as a special purpose vehicle for infrastructure development, the statement said.
The digital university was given permission to prepare a preliminary proposal to avail loans from the Kerala Infrastructure Investment Fund Board (KIIFB) for the project and to find private partners through a global expression of interest.
For the upcoming project, a managing committee would be formed, comprising representatives of the Industries and IT Departments and that of the Kerala Industrial Infrastructure Development Corporation (KINFRA).