Latest news with #InvestKeralaGlobalSummit
United News of India
04-08-2025
- Business
- United News of India
100 Investment Meet projects have reached work stage: Minister P Rajeeve
Kochi, Aug 4 (UNI) A total of 100 projects, out of 429 yielded by Invest Kerala Global Summit (IKGS) held in February, are under way in different parts of the state, demonstrating the resounding success of the initiative, Minister for Industries, Law and Coir P Rajeeve said today. The Minister was addressing the Investors' Conclave convened here to ascertain the status of the proposals that came up at IKGS. Over 200 investors turned up for the meet. 'By the end of August, the number of the projects reaching the implementation stage will cross 100. This means 21 percent of realisation so far. This must be the biggest strike rate of any investment meet held in the country. We are trying to raise this to 50 percent soon,' the Minister said. Asking investors to come out with their views, suggestions and grievances, he said this conclave was meant to hear directly from the investors whether they are facing any hurdle in going ahead with their projects, so that the government could step in to address them. When as many as 20 investors pointed out some of the issues faced by them, the Minister assured that each of these issues would be addressed without any delay. The Minister said, if necessary, ministerial level meetings will be held to address issues involving different departments. He also made calls with the field officials to ascertain the status of some of the issues that came up at the meet from the dias itself. The investors present expressed satisfaction at the cooperation from officials of the industries department agencies like KSIDC, KINFRA and Directorate of Industries. APM Mohammed Hanish, Principal Secretary Industries and Commerce, presided over the meet, which was attended by KSIDC MD Mir Mohammed Ali; KINFRA MD Santhosh Koshy Thomas; KSIDC Executive Director R Harikrishnan and Industries Department Additional Director K S Kripakumar. UNI DS SS
News18
04-08-2025
- Business
- News18
100 investment meet projects have reached work stage: Minister Rajeev
Kochi, Aug 4 (PTI) A total of 100 projects, out of 429 yielded by Invest Kerala Global Summit (IKGS) held in February, are under way in different parts of the state, demonstrating the resounding success of the initiative, state Industries Minister P Rajeev said here on Monday. The minister was addressing the Investors Conclave convened here to ascertain the status of the proposals that came up at IKGS. Over 200 investors turned up for the meet. 'By the end of August, the number of the projects reaching the implementation stage will cross 100. This means 21 per cent of realisation so far. This must be the biggest strike rate of any investment meet held in the country. We are trying to raise this to 50 per cent soon", the minister is quoted as saying in an official release. Asking investors to come out with their views, suggestions and grievances, he said this conclave was meant to hear directly from the investors whether they are facing any hurdle in going ahead with their projects, so that the government could step in to address them. As many as 20 investors pointed out some of the issues faced by them. The minister assured that each of these issues would be addressed without any delay. Rajeev said, if necessary, ministerial level meetings will be held to address issues involving different departments. He also made calls with the field officials to ascertain the status of some of the issues that came up at the meet from the dias itself. The investors present expressed satisfaction at the cooperation from officials of the industries department agencies like KSIDC, KINFRA and Directorate of Industries, the release said. PTI TGB TGB KH view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
07-07-2025
- Business
- Time of India
86 projects signed at investor meet enter construction phase, says Kerala industries minister Rajeev
Kerala Industries Minister P Rajeev on Monday said 86 projects have entered the construction phase in the state in just four months since the Invest Kerala Global Summit held in Kochi on February 21-22. These projects are expected to add 40,439 new jobs across the state. Over 20% of companies that initially showed interest have already begun investing, the minister said in a post on X. The combined value of these active projects stands at Rs 31,429 crore, Rajeev said. 'This rapid transition from proposals to execution signals strong investor confidence. Kerala is building a future rooted in advanced technology and high value employment. The momentum is real, and we're committed to taking it further.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Doutor: Reverter encolhimento muscular após os 50 depende deste hábito noturno Revista do Homem Saiba Mais Undo The two-day event had received investment proposals worth Rs 1.53 lakh crore in a sign of investor confidence in the coastal state's investor friendly policies , the minister said. 'Now it is our responsibility to transform every interest into reality. For Kerala and for Keralites, we will give our maximum effort to make this state a hub of knowledge industries and high-tech industries,' the minister said after the summit. While opening the investors meet, Chief Minister Pinarayi Vijayan had said no investor need return for the reason of non-availability of land in Kerala, though land was a scarce resource in Kerala. He also added that no investor coming to Kerala will have to face the cobweb of procedural delays and meet the barriers of red tape. Live Events
The Hindu
04-07-2025
- Business
- The Hindu
20.8% of proposed projects at Invest Kerala Global Summit are operational: P. Rajeeve
Eighty-six projects with a total investment of ₹31,429.15 crore which were promised at the Invest Kerala Global Summit in February this year have become operational till now, Industries Minister P. Rajeeve said here on Friday. Speaking at a press conference on the progress of the projects for which Expression of Interests were received at the summit, he said that out of the 424 projects with a total investment of ₹1.77 lakh crore, work on 20.8% have begun. According to Mr. Rajeeve, on the completion of the 86 projects, 40,439 jobs are expected to be created. Out of the remaining projects which are yet to be started, 268 have already got the required land while 156 are yet to get land. Among those which got land, a total of 29 projects require land conversions or various exemptions to go ahead with their work. Speaking further on the plans for the months ahead, he said that projects worth ₹1,500 crore will begin operations in July, while projects worth ₹1,437 crore are expected to begin in August. A total of ₹1,011 crore investment projects have come across all the eight Kerala Industrial Infrastructure Development Corporation (Kinfra) parks. 'In July, projects worth ₹1,500 crore will commence while in August ₹1,437-crore investment projects are expected to begin. A total of ₹1,011-crore investment projects have come in all the eight Kinfra parks,' he said. Mr. Rajeeve said that the foundation stone for Bharat Biotech's new project will be laid at the Kerala State Industrial Development Corporation (KSIDC) Park in Angamaly. Adani Logistics will set up a logistic park in Kalamassery at a cost of ₹600 crore. IBM has taken over two floors of the Lulu IT Twin Towers, developed by the Lulu Group, at SmartCity, Kakkanad. With this centre becoming operational, Kerala will become one of the biggest centres of the company in India with over 5,000 employees. A dedicated Advisory group, chaired by the Industries Minister, 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 KSIDC MD is the convener of this body, which has representatives of industry and trade bodies, renowned industrialists, and senior government officials as members. The committee meets every two months. The industrial land web portal, has been launched to create a database of land available in the State for industrial purposes, said the Minister. 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 departments, formal communication if unresolved, escalation to the Secretary level. and, if still pending, final escalation to the minister concerned.
New Indian Express
23-06-2025
- Business
- New Indian Express
Kerala to revise 31 rules to attract more investment
THIRUVANANTHAPURAM: A high-level meeting chaired by Chief Minister Pinarayi Vijayan has decided to amend 31 different rules to make the state more-investment friendly. The amendments will help the state realise the investment proposals received at the Invest Kerala Global Summit (IKGS). The meeting also discussed the formation of a task force under the local self-government department for the speedy implementation of proposals. The revision or amendments are proposed to the rules related to local self-government institutions, departments of revenue, power, environment, labour, agriculture and higher education, said an official release. Relaxations will be made in the rule pertaining to road width requirement prescribed in the Kerala Building Rules, 2019. The maximum area prescribed for commercial buildings in category-II panchayats will be enhanced. Changes will be made in the documents required while applying for building permits on leased lands. Guidelines to regularise constructions made under the Kerala MSME Facilitation Act 2019 will be revised. Parking guidelines for resorts and hotels in the tourism and hospitality sector will also be revised. For this, conditions for assessing building area will be changed. The meeting decided to expedite the unique thandaper (title deed or ownership document) initiative to ensure transparent and efficient land utilisation. Applications for land conversion for project proposals received at the IKGS will be prioritised. A circular will be issued to define the powers of agricultural officers in land category change.
