Kerala received investment proposals worth Rs 1.53-lakh crore during the two-day Invest Kerala global summit, which concluded in Kochi on Saturday.
“A total of 374 companies have expressed interest in setting up, expanding, diversifying, and reinvesting in the state, submitting Expressions of Interest (EoIs) amounting to a consolidated investment of Rs 1,52,905 crore,” said P Rajeeve, minister for industries, law & coir, government of Kerala.
On the second day of the summit, UAE-based shipping and logistics giant Sharaf Group announced an investment of Rs 5,000 crore in Kerala’s logistics and shipping sector over the next five years.
Lulu Group International (LGI) also committed Rs 5,000 crore, with the potential to create around 15,000 jobs over the next four to five years. Civil infrastructure firm Monarch Surveyors & Engineering Consultants also pledged Rs 5,000 crore.
Other major commitments include Rs 4,000 crore from Cheery Holdings and Rs 3,000 crore from Malabar Group across three different projects. Krishna Institute of Medical Sciences (KIMS) committed Rs 2,000 crore to the state. Adani Group made the largest announcement on day one, pledging Rs 30,000 crore for airport and port expansion, while Brigade Group committed Rs 1,500 crore for real estate development.
Rajeeve said that the state is focusing on realistic EoIs rather than showing unrealistic value of Memorandum of Understanding (MOU). “We will establish a fast-track mechanism for every EoI signed at the summit,” he said, adding that proposals will be categorised based on their implementation timeline—six months, one year, or two years—and a dedicated team will be set up to ensure their execution.