Invest Kerala Summit Launches ₹1,211 Crore Projects, Aiming for ₹1.96 Lakh Crore Investments. Four projects worth a total of Rs 1,211 crore that received Expressions of Interest (EOIs) during the Invest Kerala Global Summit (IKGS) in February have begun work as of April, Kerala Industries Minister P Rajeev said on Wednesday. These projects are expected to create 3,050 jobs. The foundation for more projects will be laid this month, which will be worth Rs 2,675 crore. To know more about the topic “Invest Kerala Summit Launches ₹1,211 Crore Projects, Aiming for ₹1.96 Lakh Crore Investments,” read the complete topic.
Invest Kerala Summit Launches ₹1,211 Crore Projects, Aiming for ₹1.96 Lakh Crore Investments
Just three months after signing MoUs at the Invest Kerala Global Summit in Kochi, four major projects worth Rs 1,211 crore have officially taken off, marking a clear shift in the state’s investment climate from promises to execution. These include ventures by Joy Alukkas Group (residential apartment and hospital), Positive ChipBoards, MS Wood Alliance Park, and Dynamated. Additionally, foundation stones will be laid by the end of May for eight more projects worth Rs 2,675 crore. Projects set to begin in June include investments worth Rs 1,117 crore from Blue Star, Avigna, Airport Golf View Hotel, K-Board Rubber, and Krishnakala Medical Sciences.
A Rs 3,800 crore project in the bio-manufacturing sector by JV Ventures, modeled on Genome Valley, is also expected to launch soon. The Thonnakkal Kinfra Park will be inaugurated this month, while Unity Mall is scheduled to open in November. Other upcoming projects involve companies such as Alhind, SFO Technologies, Kanyo Health, and Futurace Boutique Hospital. A high-level meeting, chaired by Chief Minister Pinarayi Vijayan, will be held on 19 June to review policy matters. An advisory committee has also been formed to guide the implementation of the Rs 1.96 lakh crore in investment commitments.
Speaking at a press conference in Thiruvananthapuram, Kerala’s Minister for Industries, Law and Coir, P. Rajeeve, said the progress underscores growing investor confidence and Kerala’s emergence as a preferred investment destination. He added that five more points, with a cumulative outlay exceeding ₹1,000 crore and the potential to create 2,400 jobs, are expected to begin in June. Among the main projects to begin operations soon are Sutherland’s ₹1,500 crore project in Kochi, Kalyan Silks’ ₹500 crore facility in Thrissur, Gasha Steels’ ₹110 crore project in Palakkad, and Krishna Institute of Medical Sciences’ ₹200 crore campuses in Kollam and Thrissur.
About Invest Kerala Global Summit 2025
Invest Kerala Global Summit 2025, scheduled for February 21 and 22 at the Lulu International Convention Centre in Bolgatty, Kochi, is set to be a cornerstone event in Kerala’s pursuit of becoming a global hub for innovation and investment. This prestigious event, organized by the Kerala State Industry and Commerce, aims to attract significant domestic and international investments across various sectors crucial to the state’s economic growth.
In the lead-up to the Global Investor Meet, a series of sector-specific events and roadshows have been planned across the state and beyond. These events are designed to showcase Kerala’s Strength in various industries, foster collaborations, and set the stage for fruitful discussions at the main event in February 2025.
Government Initiative and Future Prospects
Rejeev pointed out the government’s proactive measures post-IKGS 2025 encourage investments and guarantee efficient governance. By combining transparent digital tools and decentralized execution with policy reforms, Kerala seeks to set new standards for investment promotion and project implementation nationwide. Among other major proposals from IKGS 2025 is the Genome Valley at Life Sciences Park in Thiruvananthapuram, with an investment of Rs 3,800 crore. Its construction will begin soon. Moreover, Unity Mall in Thiruvananthapuram is scheduled for inauguration in November.
Kerala’s strategic approach to attracting investments showcases its commitment to fostering economic growth and job creation. The state’s efforts are geared towards establishing itself as a leading destination for investors seeking opportunities across various sectors.
Power Panel Alert
This newly established panel will be hosted by Industries Minister Rajeeve, with the Principal Secretary (Industries) as vice chairperson and the KSIDC managing director as convenor. Heavyweight institutions like CII Kerala, FICCI Kerala, KSSIA, KSIDC Board, Directorate of Industries and Commerce, and KINFRA will all have representation. The panel will review progress, iron out bottlenecks, and guarantee that interdepartmental delays don’t undermine investor confidence.
To give shape to the action plan, Chief Minister Pinarayi Vijayan will host a high-level policy meeting on June 19 to take stock of summit-signed MoUs and their execution. A real-time web portal has already gone live for investors to monitor their projects, and a five-stage escalation mechanism is in place for grievance resolution.
