Latest news with #KINFRA
United News of India
6 days ago
- 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
New Indian Express
31-07-2025
- Business
- New Indian Express
Kerala clears KINFRA food park in Ernakulam's Kunnukara on 15-hectare plot under Mini Food Park scheme
KOCHI: The state government has given administrative approval for setting up a KINFRA food processing park at Kunnukara in Ernakulam district. The project, under the Mini Food Park scheme announced by the state, will be established on 15.3073 hectares (around 37.82 acres) of land in Kunnukara village, near Kalamassery. Industries Minister P Rajeeve said the Kunnukara park would be one of the major initiatives in the agri-allied sector and would be implemented with financial support from the Kerala Infrastructure Investment Fund Board (KIIFB). The food park is also expected to strengthen the ongoing agricultural revival initiatives in the Kalamassery Assembly constituency. As part of the Kalamassery Agri Mission led by the minister, farming activities have been extended to more areas. Cultivation of crops like sugarcane and arrowroot has begun, and five value-added agri products have already been introduced in the market. The third edition of the Kalamassery Agri Fest, organised in connection with the project, will be held in August. Irrigation facilities in the region have also been upgraded to support increased cultivation. "The food processing park will play a crucial role in reinforcing the progress made in the agriculture sector," said Rajeeve. The park will house industrial units focused on spices, coconut, fruits, dairy products, cakes, and bakery items. He added that the land acquisition procedures will be expedited in coordination with the district administration.
The Hindu
07-07-2025
- Business
- The Hindu
Kaynes Technology to set up unit at Perumbavoor Industrial Park
Kaynes Technology, an electronics system design and manufacturing company, is set to establish a new manufacturing unit in Kerala. The company will be allotted land in the Perumbavoor Industrial Park developed by the Kerala Industrial Infrastructure Development Corporation (KINFRA) to facilitate this expansion. The company representatives, who visited the industrial estate on Monday (July 7), held discussions with Industries Minister P. Rajeeve and secured official approval for land allocation, according to a release. The company had signed a Memorandum of Understanding (MoU) with the Department of Industries, promising around ₹500 crore investment and offering over 2,000 employment opportunities in the State at the Invest Kerala summit. The unit's first phase is expected to be operational within 18 months of land transfer, it said.
New Indian Express
22-04-2025
- Business
- New Indian Express
Kerala will go ahead with ‘Global City' project despite Centre's withdrawal, says Minister Rajeeve
KOCHI: Industries Minister P Rajeeve has said that the state government will go ahead with the Global City Project in Ayyampuzha, part of the Kochi-Bengaluru industrial corridor, despite the Centre's withdrawal from the project. He was speaking during a meeting of the land owners held at Ayyampuzha on Monday. Earlier, the minister visited the proposed project site at Ayyampuzha near Angamaly. 'A committee, including the district collector, MLA, and grama panchayat president, will be formed to coordinate the future activities of the project,' the minister said. The Centre's withdrawal has resulted in the state incurring an additional burden tuning to crores, giving rise to concerns regarding the project's feasibility. When the 'Kochi Gift City' project was first conceived as part of the industrial corridor, it was agreed that the Union and state governments would equally share the project cost. Later, the project's name was changed to 'Global City' when the state was informed that the 'Gift City' is being mooted exclusively for Gujarat. Despite this, the Union government informed that the project cannot be allotted as part of the Kochi-Bengaluru industrial corridor. This resulted in a scenario where the state has to implement the ambitious project all alone. The initial plan was to set aside Rs 500 crore to acquire 500 acres of land for the project. However, following the Centre's withdrawal, the total land being acquired has been limited to 358 acres. 'A sum of Rs 849 crore has been handed over to KIIFB. Out of the total 358 acres, only 215 acre-land will be available for handing over to entrepreneurs. The same will result in a substantial push in the price of land to be handed over. The state is examining various ways to turn the project into a feasible one,' Rajeeve added. Pollution-free, modern industries will be established on Travancore Rayons land: Minister KOCHI: With the establishment of industries, including an electronics park on the Travancore Rayons land, not only Perumbavoor but the very face of Kerala is set to transform, Industries Minister P Rajeeve said on Monday. He was visiting the project site, which has been taken over by KINFRA. The minister emphasised that only environmentally sustainable and modern industries will be set up in the area. The industrial development will take place in two phases. Out of the total 68 acres, 30 acres have already been handed over to KINFRA. Technical procedures, including tendering, have been completed. Construction work will commence once final government approval is phase I, industries such as consumer electronics, artificial intelligence, robotics, ayurvedic products, food processing units, and e-commerce warehouses are planned. An estimated cost of around Rs 22 crore is II will begin once the remaining land is made available. This phase will include research centres, incubation centres for startups, plug-and-play facilities for rapid industrial deployment, and sectors like nanotechnology, consumer electronics, AI, robotics, and food processing.
