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About

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WELCOME TO KASARAGOD AUTO & ENGG. FOUNDATION

“Kasaragod Auto & Engg Foundation” is a SPV setup Company and is registered in 2019 under Section 8 of Company’s Act 2013. The cluster formed to carry the business as service providers, manufactures, buyers, seller, exporters importers and dealers of automobile and engineering works and allied products by setting up CFC of micro and small units in automobile service and engineering works sector. The cluster members are involved providing automotive services, Vehicle Body Denting and General Engineering work, Metal Fabrication Work, Minor Automotive Components developing, EV Vehicle repair, EV Vehicle assembling and Body building. Formation of consortium and SPV is already completed with the involvement of 66 automobile servicing and general engineering micro units situated in the district of Kasaragod. A cortices awareness programme and information dissemination activities are completed by District Industries Centre, Kasaragod and MSME Development & Facilitation Office, Thrissur.

Project Implementation and Funding

  •    An account has been opened in the name of SPV in the Bank for further financial dealings
  •    SPV members have purchased a land of 5.5 acres and registered it in the name of the company registered, Kasaragod Auto & Engg foundation.
  •    PAN and Bank details of Executive members have been verified.
  •    Udyam Registration of all the SPV members (66 units) has been completed.
  •    Budgetary quotation of machineries proposed have been obtained.
  •    Electrical and Civil installations drawings have been prepared and proposed to submit to state agencies for concurrence and approval of estimation.
  •    The project cost is Rupees 20 Crores, out of which SPV contribution is 15%.
  •    Grant-in-aid from Govt. of India under MSE-CDP is 70% and Grant-in-aid from the State Government (Kerala) is 15%.
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