MoU between GRIHA Council and KIIFB
A Memorandum of Understanding was signed between GRIHA Council and the Kerala Infrastructure Investment Fund Board (KIIFB) on February 26, 2021 on a virtual platform.
Dr. K. M. Abraham – Chief Executive Officer, KIIFB and Mr. Sanjay Seth, Chief Executive Officer, GRIHA Council signed the MoU on behalf of both the organizations. Recognizing the significance of sustainable development of building infrastructure, both parties will work towards collaborative promotion and implementation of green building concepts and its evaluation using the Green Rating for Integrated Habitat Assessment (GRIHA) rating system in the state of Kerala.
This is the first time that GRIHA Council is being associated with an agency such as KIIFB, who mobilize and channel funds for facilitating planned and sustainable development of both physical and social infrastructure. This association will promote adoption of sustainable building materials and strategies to increase the green building footprint in the state of Kerala.
Kerala Infrastructure Investment Fund Board (KIIFB) was established as the principal funding arm of Government of Kerala in the year 1999 under the Kerala Infrastructure Investment Fund Act 1999. The objective of KIIFB is to channelize fund for critical and large public infrastructure projects in Kerala.
Comprehensive modifications to the Act have been enacted through Kerala Infrastructure Investment (Amendment) Act, 2016. With the expanded scope and structure provided under the amended Act, KIIFB is now mobilizing and channeling funds for facilitating planned, hassle-free and sustainable development of both physical and social infrastructure including major land acquisition needs that are integral to development ensuring all round wellbeing and prosperity, using financial instruments approved by Stock Exchange Bureau of India (SEBI) and Reserve Bank of India (RBI).