Thiruvananthapuram The Kerala State Industrial Development Corporation (KSIDC), the state’s arm for industrial and investment promotion, has signed a shareholders/promoters agreement with GAIL Gas for setting up a R1,000 crore gas-based infrastructure project. The agreement was signed in the presence of Kerala chief minister Oommen Chandy by KSID C MD Alkesh Sharma and M Ravindran, CEO, Gail Gas, on Friday. KSIDC will have 24% equity in the company and GAIL Gas will have 26% in the company. The balance will be held by a strategic investor.