Latest news with #IKGS
The Hindu
21-05-2025
- Business
- The Hindu
Kerala setting a new benchmark for investment promotion, project implementation: Rajeeve
Four projects for which expression of interests (EOIs) have been received at the Invest Kerala Global Summit (IKGS) in Kochi this February commenced in April. The projects have a total outlay of ₹1,211 crore. Meanwhile, foundation stone will be laid this month for eight projects coming up at an investment of ₹2,675 crore. The four projects have the potential to generate 3,050 jobs. As many as 8,800 jobs will be created by the eight projects. Disclosing this at a press conference here on Wednesday, Minister for Industries P. Rajeeve said this affirmed Kerala's standing as a premier investment destination with increased investor trust in the government. He said another five projects, with an outlay of over ₹1,000 crore and the potential to generate 2,400 jobs, were slated to begin in June. 'By combining transparent digital tools, decentralised execution, and policy reform, Kerala is setting a new benchmark for investment promotion and project implementation in the country,' he said. Among the major proposals that came up at the IKGS, the Genome Valley at Life Sciences Park with an investment of ₹3,800 crore in Thiruvananthapuram will commence construction shortly while Unity Mall in Thiruvananthapuram will be inaugurated in November, the Minister said. A dedicated advisory group, chaired by the Minister, has been formed for monitoring project implementation, coordinating across departments and resolving issues. A policy reform meeting chaired by the Chief Minister is scheduled for June. The meeting will address the procedural and policy bottlenecks that affect investment implementation and focus on improving the overall ease of doing business. A portal, has been launched to create a database of land available in the State for industrial purposes, the Minister said. The portal will function like a matchmaking website where those who have land available for industrial purposes can list information, Mr. Rajeeve said. Another portal, developed by the Kerala State Industrial Development Corporation, will provide investors and departments updates and information about each proposal's implementation status. It also features a monthly progress report to ensure transparency and stakeholder accountability. Around 450 EOIs have been received at the IKGS, for which over 370 project-level meetings have been conducted so far, and updated status reports and photographs have been uploaded on the dashboard of the IKGS portal.
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Business Standard
26-04-2025
- Business
- Business Standard
Invest Kerala Summit: Works on projects worth Rs 4,410 cr to begin in May
Kerala Industries Minister P Rajeev on Saturday said works on 13 projects with a total investment of Rs 4,410 crore through 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, Rajeev, who also holds Law and Coir portfolios, added in April alone, four projects worth Rs 1670 crore have started. Speaking after launching the web portals--- and he said: "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." The websites are launched 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,according to an official release. The Minister informed that a monthly progress report of the investment proposals that 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, Rajeev said. 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, the release added. 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, the release said.
Time of India
26-04-2025
- Business
- Time of India
Invest Kerala Summit: Works on projects worth Rs 4,410 crore to begin in May, says Minister
Kerala Industries Minister P Rajeev on Saturday said works on 13 projects with a total investment of Rs 4,410 crore through 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, Rajeev, who also holds Law and Coir portfolios, added in April alone, four projects worth Rs 1670 crore have started. Speaking after launching the web portals--- and he said: "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." #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" The websites are launched 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,according to an official release. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo The Minister informed that a monthly progress report of the investment proposals that 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, Rajeev said. Live Events 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, the release added. 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, the release said.
