Invest Kerala Global Summit: 86 Projects Worth Rs 31,429.15cr Have Begun, says Minister Rajeeve

THIRUVANANTHAPURAM:
As many as 86 projects, with a total outlay of Rs 31,429.15 crore, for which EOIs were received at the Invest Kerala Global Summit (IKGS) held at Kochi this February, have commenced in the state so far, Minister for Industries, Law and Coir P Rajeeve said today.

“As many as 424 investment projects worth Rs 1,77,731.66 crore were received at IKGS and after the summit. Of these, 20.28 percent projects have already started construction,” Rajeeve told a press conference here.

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.

KSIDC Managing Director Mir Mohammed Ali, KSIDC Executive Director Shri Harikrishnan R and KINFRA Managing Director Shri Santhosh Koshy Thomas were also present.

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); Dr 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.

Work on seven investment projects were started in May this year. Out of this, HiLITE group has begun work on four multiplexes and two residential projects, together with an outlay of Rs 9,998 crore, and generating 1,500 jobs.

A dedicated Advisory group, chaired by the Minister for Industries, has been formed for monitoring project implementation, coordinating across departments and resolving issues swiftly to enable seamless execution. Principal Secretary, Industries, is the Vice Chairman and Kerala State Industrial Development Corporation (KSIDC) MD the convener of this body, which has representatives of industry and trade bodies, renowned industrialists, and senior government officials as members.

The Industrial Land Web Portal, https://industrialland.kerala.gov.in has been launched to create a database of land available in the state for industrial purposes, said the Minister. The portal will function like a matchmaking website where those who have land available for industrial purposes can list their information on it, he noted.

Another portal, developed by Kerala State Industrial Development Corporation (KSIDC), provides investors and departments with real-time updates and critical information about each proposal’s implementation status. It also features a monthly progress report to ensure transparency and stakeholder accountability.

Nodal officers have been granted direct access to the portal to update project milestones, including land status, construction commencement, commercial operations start dates, and all communications with promoters and departments.

The state government has also implemented a comprehensive and structured mechanism for EoI conversion to ensure effective follow-through on these investment proposals.

A five-step escalation protocol has been introduced to ensure the timely resolution of investor issues. These include: initial resolution at the nodal officer level; engagement with concerned department; formal communication if unresolved; escalation to the Secretary level; and, if still pending, final escalation to the minister concerned. This structured approach ensures accountability and responsiveness at every level of government interaction.