Thiruvananthapuram : Kerala scripts new history in industrial development. Investments into commercial enterprises touched Rs 4071 crores in past one year, said State Minister for Industries, P. Rajeev, speaking at press conference in Kochi. These investments generated 82,358 jobs Follow-up action has begun toward i Rs 6480 cr worth investment offer received during Meet the Investors event. The Craze Biscuits and Bin Tech are at their inaugural stage, the minister said.
Agreement has been signed with Tata Elxsi for Rs 75-core venture at KINFRA park in Kazhakuttam. Building for the project was handed over in ten month timeframe. Also, MoU has been signed with TCS toward new generation industries project costing Rs 1200 cr. Once operational, the project will have directly employed 20,000 people. Two rounds of talk have concluded with Tristar - the Mumbai-based group that holds massive investment potential.
Construction works have begun for Petrochemical Park that's expected to attract investments of Rs 10,000. 70 percent of the 2220 acres required for Kochi – Bengaluru Industrial Corridor, was acquired in 10 months. The mega corridor will generate employment for over 1 lakh people. This year is being observed as Industrial Year and steps have been taken for the setting up of 1 lakh enterprises which in turn will generate 4 lakh jobs.
HNL – taken over from the Central govt and newly started Kerala Paper Company will begin commercial production this October. 14 new Industrial Parks will be set up this year, the Minister said.
