Latest news with #Rajeeve
New Indian Express
6 days ago
- Business
- New Indian Express
Thiruvananthapuram gets mini industrial park
THIRUVANANTHAPURAM: The state capital has secured a KINFRA Mini Industrial Park at Thonnakkal. The park is expected to draw investments of Rs 50 crore and generate around 350 jobs. The newly inaugurated park has been established on land originally acquired in 2011 for the Global Ayurveda Park. Left idle for over a decade, the land was reclassified for industrial use in 2023 and re-purposed to meet the city's growing entrepreneurial demand. The fully allotted 7.48-acre park will house units in sectors such as food processing, paper products, furniture, hardware, defence, and aerospace. Development, which began in December 2023 with an outlay of Rs 6 crore, was completed ahead of schedule. Speaking at the inauguration of the park on Wednesday, Minister for Industries P Rajeeve emphasised the importance of ensuring basic infrastructure particularly road access while acquiring land for industrial parks. 'Infrastructure like road connectivity is critical when planning industrial parks. Locations should be vehicle-accessible and ready for varied industrial needs,' the minister said. Rajeeve highlighted the swift uptake of units once basic facilities were put in place, noting that all plots were quickly allotted to entrepreneurs. 'There's no developed land left unallocated in Kerala's industrial parks. Where delays exist, mostly due to legal issues, they are being addressed through adalats,' he said. He added that state's industrial landscape is more business-friendly than ever. '17 projects from the Invest Kerala Global Investor Meet will begin construction in May. A team is evaluating each proposal for fast-tracked implementation, which will translate into more enterprises and jobs for state's youth,' added the minister. The minister expressed confidence that the 18 entrepreneurs who are allotted land at the Thonnakkal park would soon begin construction of their units. The event was chaired by MLA V Sashi, and attended by officials including Industries Department Director P Vishnuraj and various local representatives. Rajeeve handed over allotment letters to all 18 entrepreneurs.
Time of India
6 days ago
- Business
- Time of India
Kinfra mini industrial park launched at Thonnakkal
Thiruvananthapuram: Industries minister P Rajeeve on Wednesday launched the mini industrial park at Kinfra facility in Thonnakkal. He also handed over allotment letters to 18 entrepreneurs during the ceremony. He expressed confidence that entrepreneurs who received land in Thonnakkal would begin construction of their units shortly. Lauding the facility, the minister said basic infrastructure facilities such as roads should be ensured while acquiring land for industrial parks. "Industrial parks should be developed in areas that can accommodate various types of vehicles and have proper access infrastructure. The mini industrial park was set up on land originally acquired in 2011 for Global Ayurveda Park. The land, which remained unused since then, was reclassified and approved for industrial use in 2023," the minister explained. He also noted that as soon as basic facilities were developed within the park, all units were booked by entrepreneurs, which was a noteworthy achievement. "No developed land in the state's industrial parks is left unallocated. In a few isolated cases, legal issues delayed allocation, but efforts are underway to resolve these through adalats and facilitate the handover," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo Rajeeve emphasized that Kerala now offers a highly conducive environment for industrial investment. "As many as 17 investment projects announced at the Invest Kerala Global Investor Meet are set to begin construction this month. A dedicated team is carefully reviewing each proposal from the summit to ensure timely implementation. This improved business climate is expected to generate more enterprises and provide greater job opportunities for Kerala's youth," he 121467595 413 |
New Indian Express
27-05-2025
- Business
- New Indian Express
‘Operation K-Force' & a call for the four ‘A's: Kerala's silent growth in strategic sector
KOCHI: Kerala may not be the first name that springs to mind when you think of defence and aerospace. But make no mistake - the state is quietly scripting a revolution in India's quest for 'Atmanirbharta' in the strategic sector. From shipyards to space parks, MSMEs to military-grade startups, Kerala is stepping up post-Operation Sindoor, tapping into a rapidly expanding defence opportunity with a mix of gritty innovation and strategic ambition. At the heart of this story is Keltron. 'Following the Pahalgam terror attack, Keltron played a key role in strengthening India's defence response,' Industries Minister P Rajeeve revealed. The state-run electronics giant supplied critical systems for INS Arnala - the first indigenously built anti-submarine warfare vessel - including its sonar sensor, underwater communication system, power amplifier, and echo sounder. That's not all. Keltron had earlier delivered the 'Maareech Towed Array' system — designed to detect and neutralise torpedoes — to the Indian Navy. 'With decades of technical expertise, Keltron is now a trusted name in defence. Orders are steadily flowing in,' Rajeeve added. WhatsApp to warfare Ironically, Kerala's most promising defence cluster — K-Space — is still just a concept. 'We don't have anything officially called K-Space. What we have is a WhatsApp group,' chuckled a startup founder, who wished not to be named. But the vision is real. The state government has earmarked land at TechnoCity for a futuristic Kerala Space Park. The initiative is being revived after facing setbacks caused by the alleged involvement of M Sivasankar, IAS—who had been leading several projects, including the Space Park initiative—in a scandal. Meanwhile, Kerala Startup Mission (KSUM) has launched the Kerala Defence Innovation Zone (K-DIZ) in collaboration with DRDO, Technopark and others. 'It's part of the larger Emerging Technology Hub—a 2 lakh sq. ft. facility to drive aerospace and defence innovation,' said G Levin, CEO of K-Space, adding that several initiatives are being readied behind the scenes. BrahMos, drones and beyond Big-ticket land deals are also in motion. A 200-acre land allocation for the second unit of BrahMos Aerospace Trivandrum Ltd (BATL) is underway, alongside a proposal for a 100-acre Integrated Defence Industrial Park near Kattakada. The drone ecosystem is buzzing too. Startups like Vektas Technologies, operating out of Technopark, are building UAVs for disaster warning and rescue, with payload capacities of 10–20 kg and flight range up to two hours.
Time of India
21-05-2025
- Business
- Time of India
4 projects, worth 1,211cr, begin
1 2 3 4 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 Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like IIT Delhi AI Programme IITD TAILP Apply Now Undo 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. |
Time of India
21-05-2025
- Business
- Time of India
Invest Kerala summit: 4 projects, worth Rs 1,211 crore, begin
1 2 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 Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo 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. |
