Adani to Build Logistics Park in Ernakulam
ECONOMY & POLICY

Adani to Build Logistics Park in Ernakulam

The Adani Group is set to invest Rs 5 billion in developing a modern logistics park on a 70-acre plot in Ernakulam, according to Kerala’s industries and law minister, P Rajeeve. He mentioned that the group has already acquired the industrial land, and the project is expected to create hundreds of new jobs for the local community.

The logistics park, located in Kalamassery, will feature several warehouses operated by private firms. Among the first companies to establish a facility there will be Flipkart, with its operations expected to commence by December this year, sources familiar with the matter revealed. However, Flipkart did not provide a response to an email inquiry regarding the development.

In addition to the logistics park, the Adani Group is committing Rs 100 billion to the second phase of the Vizhinjam deepwater multipurpose port in Kerala, over the next three years. The first phase, constructed under a public-private partnership (PPP) model since 2015, involved a combined investment of Rs 79 billion from the government and the group. Officials stated that the second phase would be entirely funded by the Adani Group.

The conglomerate is also allocating Rs 20 billion over the next five years for the redevelopment of Thiruvananthapuram airport. Minister Rajeeve emphasised that the Adani Group’s investments in Kerala, spanning multiple sectors, represent the largest private investment the state has ever received. These projects are expected to generate thousands of direct and indirect employment opportunities in the future, according to industry insiders.

Ahead of the Invest Kerala Global Summit scheduled for February 21-22, the state government is organising a two-day Vizhinjam Conclave starting January 28. Minister Rajeeve stated that the seaport in Thiruvananthapuram district would play a pivotal role in Kerala’s economic growth and global connectivity.

The government aims to finalise around 20 investment agreements during the conclave, which will focus on exploring industrial opportunities tied to the port and its ancillary industries. The event will also seek investments across various other sectors. Representatives from multinational companies with significant investments in port-related projects are expected to participate.

The minister highlighted that the conclave would boost employment in industries associated with port operations and initiate efforts to engage local communities. The goal is to position Vizhinjam as a model for inclusive development, fostering economic growth while ensuring community involvement.

The Adani Group is set to invest Rs 5 billion in developing a modern logistics park on a 70-acre plot in Ernakulam, according to Kerala’s industries and law minister, P Rajeeve. He mentioned that the group has already acquired the industrial land, and the project is expected to create hundreds of new jobs for the local community. The logistics park, located in Kalamassery, will feature several warehouses operated by private firms. Among the first companies to establish a facility there will be Flipkart, with its operations expected to commence by December this year, sources familiar with the matter revealed. However, Flipkart did not provide a response to an email inquiry regarding the development. In addition to the logistics park, the Adani Group is committing Rs 100 billion to the second phase of the Vizhinjam deepwater multipurpose port in Kerala, over the next three years. The first phase, constructed under a public-private partnership (PPP) model since 2015, involved a combined investment of Rs 79 billion from the government and the group. Officials stated that the second phase would be entirely funded by the Adani Group. The conglomerate is also allocating Rs 20 billion over the next five years for the redevelopment of Thiruvananthapuram airport. Minister Rajeeve emphasised that the Adani Group’s investments in Kerala, spanning multiple sectors, represent the largest private investment the state has ever received. These projects are expected to generate thousands of direct and indirect employment opportunities in the future, according to industry insiders. Ahead of the Invest Kerala Global Summit scheduled for February 21-22, the state government is organising a two-day Vizhinjam Conclave starting January 28. Minister Rajeeve stated that the seaport in Thiruvananthapuram district would play a pivotal role in Kerala’s economic growth and global connectivity. The government aims to finalise around 20 investment agreements during the conclave, which will focus on exploring industrial opportunities tied to the port and its ancillary industries. The event will also seek investments across various other sectors. Representatives from multinational companies with significant investments in port-related projects are expected to participate. The minister highlighted that the conclave would boost employment in industries associated with port operations and initiate efforts to engage local communities. The goal is to position Vizhinjam as a model for inclusive development, fostering economic growth while ensuring community involvement.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?