Invest Kerala summit: 4 projects, worth Rs 1,211 crore, begin
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T'puram: State industries minister
P Rajeeve
said four
investment projects
, for which a letter of intent was signed at the Invest Kerala Global Summit organised by the state govt in Kochi, have commenced. These projects involve investments totalling Rs 1,211 crore.
Rajeeve told reporters on Wednesday that the foundation stone for eight more projects worth Rs 2,675 crore would be laid by this month-end. He said construction began on projects by Joy Alukkas Group's residential apartment and hospital, Positive ChipBoards, MS Wood Alliance Park and Dynamated.
"In June, projects worth Rs 1,117 crore will begin, including those by Blue Star, Avigna, Airport Golf View Hotel, K-Board Rubber and Krishnakala Medical Sciences." A project involving an investment of Rs 3,800 crore in the
bio-manufacturing sector
by JV Ventures, modelled on Genome Valley, will also start soon, he added.
The Thonnakkal Kinfra Park will be inaugurated this month and Unity Mall in Nov, he said. Additionally, projects announced by Blue Star Realtors, Alhind, Airport Golf View Hotels, SFO Technologies, Kanyo Health, Accos, BMH Care Hospital, Krishnakala Hospital and Futurace Boutique Hospital will commence in the coming months.
A high-level meeting chaired by chief minister Pinarayi Vijayan will be held on June 19 to discuss policy decisions related to the projects announced at the summit.
by Taboola
by Taboola
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The state govt has formed a high-level advisory committee by including representatives from the industry to realise the investment commitments received at the summit.
The minister will chair the committee while the principal secretary of the industry department will be the vice-chairman and KSIDC managing director will be the convener.
Investment commitments worth Rs 1.96 lakh crore were received from more than 450 companies, with the potential to create 4.80 lakh job opportunities. |
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