Kerala Secures Rs 1.53 Tn Investment Proposals at Investors' Summit

25 Feb 2025 CW Team

Kerala secured investment proposals worth Rs 1.53 trillion from 374 companies during the two-day Invest Kerala Global Summit 2025 (IKGS). The largest commitment, amounting to Rs 300 billion, came from the Adani Group. The summit, held on February 21-22, attracted significant interest from the information technology sector, with 24 companies planning expansions through an additional investment of nearly Rs 85 billion, creating around 60,000 new jobs.

A total of 66 companies submitted expressions of interest (EoIs) for investments exceeding Rs 5 billion. The summit strengthened investor confidence in Kerala’s industrial potential, marking a new phase of economic development. Other major investment commitments included Hi Lite Group (Rs 100 billion), Tofl Pathanamthitta Infra (Rs 50 billion), Lulu Group (Rs 50 billion), Monarch Surveyors and Engineering Consultants (Rs 50 billion), Sri Avantika International (Rs 43 billion), and Bharat Petroleum Corporation (Rs 9 billion), among others.

To ensure the effective implementation of these proposals, the state government will establish a special committee for framing fresh guidelines on plantation land utilization. Additionally, a minister-level committee will oversee land rule exemptions. A fast-track mechanism will be introduced to facilitate the execution of each EoI, with immediate follow-up beginning the next working day. A dedicated dashboard and structured monitoring system will be set up, assigning nodal officers and conducting periodic reviews chaired by the chief secretary and the Chief Minister.

News source: Business Standard

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