Kerala Kickstarts ₹1,211 Cr Investment Projects, More in Pipeline

Kerala has begun construction work on four major investment projects worth ₹1,211 crore, marking a key milestone in the state’s post-summit investment drive. The projects were initiated through Letters of Intent signed during the Invest Kerala Global Summit held earlier this year in Kochi.

Announcing the developments, Industries Minister P. Rajeeve said the ongoing projects include a residential-cum-hospital venture by Joy Alukkas Group, manufacturing units by Positive ChipBoards and MS Wood Alliance Park, and a project by Dynamated.

The momentum is expected to pick up further with the foundation-laying for another eight projects together valued at ₹2,675 crore scheduled for the end of May. These will be followed in June by the launch of projects worth ₹1,117 crore from investors such as Blue Star, Avigna, Airport Golf View Hotel, K-Board Rubber, and Krishnakala Medical Sciences.

In a significant boost to Kerala’s ambitions in the bio-manufacturing sector, a ₹3,800 crore project by JV Ventures modeled on Hyderabad’s Genome Valley is also set to be announced soon.

Several key infrastructure projects are nearing launch. The Thonnakkal KINFRA Park will be inaugurated later this month, while Unity Mall is scheduled to open its doors in November.

The state is also preparing for a new wave of investment from companies like Alhind, SFO Technologies, Kanyo Health, and Futurace Boutique Hospital.

To facilitate timely follow-up on the ₹1.96 lakh crore investment pledges mobilized at the summit, the state government has formed a high-level advisory committee. Chief Minister Pinarayi Vijayan will preside over a policy review meeting on June 19 to review progress and remove any implementation hurdles.

Kerala’s aggressive march towards industrialization heralds a larger march towards becoming an investment destination state with thrusts in innovation, infrastructure, and healthcare.