Business Economy


Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

Thiruvananthapuram, Apr 26 (UNI) Kerala Minister for Industries, P Rajeeve on Saturday said works on 13 projects with a total investment of Rs 4,410 crore yielded by the Invest Kerala Global Summit (IKGS 2025) will commence in May.

Noting that these projects were submitted through Expressions of Interest (EoIs) at the IKGS held in February, the Minister said in April alone, four projects worth Rs 1670 crore have started. From February to April, 76 projects worth Rs 1,385 crore as part of the reinvestment in ongoing and scaling up of projects related to IKGS are underway.

Rajeeve was speaking while launching the web portals -- ikgseoi.kerala.gov.in and https:ndustrialland.kerala.gov.in/ -- for following up on the EoIs received during IKGS and creating a database of land parcels available in the State for industrial purposes, respectively.

IKGS 2025 had received EoIs worth Rs 1.96 lakh crore.

The Minister informed that a monthly progress report of the investment proposals came up at IKGS will be published on the web portal, which will also have real time status updates and other details relating to the follow-up of EoIs.

Land owners can upload on the website the details of the land which can be used for industrial purposes, Rajeeve said.

Kerala State Industrial Development Corporation (KSIDC) MD Mir Mohammed Ali, IAS; Executive Director Hari Krishnan R; General Manager Varghese Malakkaran and KINFRA Managing Director Santhosh Koshy Thomas were also present.

The website of EoIs will have real time status updates and other details relating to the follow-up of EoIs. The web portal of the database of land parcels will act like a matchmaking website, wherein those willing to make land available for industrial purposes may list their property on the portal.

Investors can access the information through the portal and get in touch directly with the owners and seek acquisition of suitable land. The portal will basically act as a facilitation platform.

UNI DS SJC

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