For the comprehensive Infrastructure and Tourism development of Varkala. It has been registered as a Company namely Vision Varkala Infrastructure Development (VIVID) Corporation Ltd. on 25th Feb. 2013. The Corporation Implements various type of projects such as ppp joint venture private and public by mobilizing funds from Govt. NRIs Financial Institutions etc.. It is a fully Govt owned Company formed under the Ministry of Planning and with the chairmanship of the Hon. Chief Minister Hon. Minister for Planning Govt. Secretaries and other top Officials from various Govt organizations are the other members. o plan promote develop operate own maintain all infrastructure facilities; prepare project and feasibility reports; implement projects and development of schemes; monitor economic and social welfare activities render technical financial and marketing supports and undertake developmental projects and services of Government Public Joint Sectors. To render consultancy and advisory services in connection with infrastructure projects of any nature.