A Special Purpose Vehicle was formed on 15/10/2011. 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.