Thiruvananthapuram: Finance Minister Thomas Issac on Thursday announced that rice parks equipped with modern facilities will be installed in the state.

The parks will be installed at Palakkad, Thrissur and Alappuzha. Not only rice, but rice flour and other products will be produced from here.

Rs 170 crore has been kept apart for development of coconut sector and Rs 10 crore for pepper cultivation development.

Rs 500 crore has been kept apart for providing Minimum Support Price for rubber.

CIAL model company will be implemented for manufacturing tyres.

Rs 1000 crore has been announced for second Kuttanad package.