Archive · 29 Jan 2026
KINFRA, Goldsikka to build Global Gold City in Kerala
KINFRA and Goldsikka, a company from Telangana, have agreed to build a special city for gold in Kerala.
This city will have everything related to gold, like making it pure, storing it, trading it, and even teaching people about gold.
It will be very advanced and follow rules to protect the environment and people.
The project will create lots of jobs and make a lot of money.
The city will be built on 1,000 acres of land and will have special technology to track gold using something called blockchain.
There will also be a university to teach people about gold.
The government of Kerala is very excited about this project because it will help the state's economy grow.
KINFRA and Goldsikka Pvt Ltd signed an MoU to establish a Global Gold City in Kannur district, Kerala.
The project will be built on 1,000 acres of land at Mattannur and is expected to generate an annual turnover of Rs 3.5 lakh crore.
The city will unify the entire gold value chain, including refining, vaulting, logistics, trading, manufacturing, and digital gold with blockchain traceability.
The project is projected to create one lakh direct jobs within three years and one million employment opportunities within five years.
A Gold University will be established for training and skilling, and the project is fully ESG-compliant.
- Who
- Kerala Industrial Infrastructure Development Corporation (KINFRA) and Goldsikka Pvt Ltd
- What
- Signed an MoU to set up a Global Gold City in Kerala
- When
- January 29, 2024
- Where
- Mattannur, Kannur district, Kerala
- Why
- To create a smart industrial city unifying the entire gold value chain within a single ESG-compliant, high-tech zone
- Companies Involved
- KINFRA, Goldsikka Pvt Ltd
- Location
- Mattannur, Kannur district, Kerala
- Land Allotted
- 1,000 acres
- Expected Turnover
- Rs 3.5 lakh crore annually
- Job Creation
- 1 lakh direct jobs in 3 years, 1 million in 5 years
- Revenue Projection
- 40 to 60 billion USD by fifth year
- Facilities
- Refining, vaulting, logistics, trading, manufacturing, digital gold, blockchain, Gold University
- Compliance
- ESG-compliant project