As many as 86 projects, with a total investments of Rs 31,429 crore, for which EOIs were received at the Invest Kerala Global Summit (IKGS) held at Kochi last February, have commenced construction so far, minister for industries, law and coir P Rajeeve said.
“As many as 424 investment projects worth Rs 1,77,732 crore were received at IKGS. Of these, over 20% have already started construction,” Rajeeve said..
According to the minister, once these 86 projects are completed, around 40,439 jobs are expected to be created. Of the total number of 424 projects yielded by IKGS, 156 need to get land while 268 of them have already got land.
“In July, projects worth Rs 1500 crore will commence while in August Rs 1,437crore investment projects are expected to begin. A total of Rs 1011 crore investment projects have come in all the eight KINFRA parks,” he said.
BlueStar Realtors’ Rs 600 crore project in Kalamassery, Ernakulam; Canyo Health’s Rs 400 crore project in Cherppulassery, Palakkad, and Kaynes Technology India’s Rs 500 crore project in Perumbavoor, Ernakulam, are set to start in July. These projects are expected to create around 3800 employment opportunities.
The projects that will take off in August include Green Worms Waste Management in KSIDC Park, Kannur (Rs 117 crore); Renai Medicity in Thrissur (Rs 500 crore); Nitta Gelatin’s manufacturing plant in Ernakulam (Rs 250 crore); Rajeev Healthcare and Research in Kollam (Rs 120 crore); Indiana Hospital in Kannur (Rs 200 crore) and NDR Space in Aluva, Ernakulam (Rs 250 crore). These projects are expected to generate 3350 job opportunities.
Among the major projects slated to start in July, foundation stone will be laid for Bharat Biotech’s new project in KSIDC Park in Angamali. Besides, Adani Logistics will set up a logistic park in Kalamassery at a cost of Rs 600 crore.